The stock, after a positive opening, further gained 5.75 per cent to Rs 1,384.40 -- its 52-week high -- on BSE. On NSE, shares of the company surged 5 per cent to hit a one-year high of Rs 1,384.40. The stock was the biggest gainer among the blue chips on both indices during morning trade. Sanjeev Zarbade Vice President – Research Kotak Securities said, Infosys results missed the street estimates.
The country's second-biggest software services exporter, on Friday posted a lower-than-expected 3.7 per cent rise in net profit for the quarter ended on June 30, 2018, due to a one-off charge related to fair value reduction of up-for-sale Panaya business.
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