Infosys Leads Nifty 50 Gains On Muhurat Day Trade; Nifty IT Zooms
The rally comes as part of a larger positive movement from the IT space, with Nifty IT seeing gains of half a percent on Muhurat day trade.
Infosys has emerged as the top-gaining stock in the Nifty 50 in Muhurat day trade on Tuesday, with the stock trading with gains of more than a percent.
The stock is currently trading at Rs 1,476, compared to Monday's closing price of Rs 1,460. The rally comes as part of a larger positive movement from the IT space, with Nifty IT seeing gains of half a percent on Muhurat day trade.
Infosys reported its second quarter earnings for the financial year ending March 2026 last week, where the Bengaluru-based IT company posted a profit growth of 6% quarter-on-quarter to Rs 7,364 crore.
The information technology company now expects its revenue for the financial year ending March 2026 to rise by around 1-3%, as compared to the previous forecast of 0-3% growth
Infosys Q2 Results: Key Highlights (Consolidated, QoQ)
Revenue rises 5.2% to Rs 44,490 crore versus Rs 42,279 crore (Estimate: Rs 44,008 crore).
Profit up 6% to Rs 7,364 crore versus Rs 6,921 crore (Estimate: Rs 7,222 crore).
EBIT rises 6% to Rs 9,353 crore versus Rs 8,803 crore (Estimate: Rs 9,338 crore).
EBIT margin at 21% versus 20.82% (Estimate: 21.21%).
