After the initial sprint post Infosys results, the market
has gone flat once again. The Sensex is up 26.35 points at 27301.06 and the
Nifty is up 3.55 points at 8238.15. About 1255 shares have advanced, 1439
shares declined, and 397 shares are unchanged.
Boosted by better-than-expected December quarter results,
Infosys is up 5 percent. The second largest software services exporter in India
third quarter consolidated net profit rose 5 percent as against estimated
growth of 1.9 percent. Profit increased to Rs 3,250 crore in the quarter ended
December 2014 compared to Rs 3,096 crore in previous quarter.
Dollar revenue rose by 0.77 percent to USD 2218 million from
USD 2201 million during the same period. The more soothing factor in today's
results was its FY15 dollar revenue guidance that maintained at 7-9 percent,
which analysts had expected to be cut.
Meanwhile, HUL, Dr Reddy's Labs, Cipla and Tata Motors are
gainers in the Sensex. Among the losers are NTPC, Bajaj Auto, Axis Bank, Bharti
and ITC. More information please visit this site www.bigprofitbuzz.com
No comments:
Post a Comment