Infosys announces a strategic alliance with HP Inc

The information technology services behemoth, Infosys on Thursday announced a strategic alliance with HP Inc. to accelerate digital transformation for the enterprise.

According to the BSE filing, the company launched joint Retail Point of Sale (RPOS) and Enterprise Device as a Service (DaaS) solutions to help businesses accelerate digital transformation as part of the HP Global System Integrator (GSI) Alliance Program.

Meanwhile, Infosys is up 0.6% at Rs 987.95 per share at 10:11 hours IST on BSE. It hit a high of Rs 991.10 and a low of Rs 980 so far during the day.

The company’s peers include Tata Consultancy Services, Tech Mahindra and HCL Technologies.

On the NSE, the traded volume of the shares is 4,12,132 and the traded value is Rs 4068.20 lakhs. The free float market capitalisation is Rs 1,96,496.95 crore.

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services.

Stock View :-

Infosys Ltd is currently trading at Rs 988.8, up by Rs 6.9 or 0.7% from its previous closing of Rs 981.9 on the BSE.

The scrip opened at Rs 980 and has touched a high and low of Rs 991.1 and Rs 980 respectively. So far 543755(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 225537 crore.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 1278 on 03-Jun-2016 and a 52 week low of Rs 900.3 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 984.9 and Rs 947.8 respectively.

The promoters holding in the company stood at 12.75 % while Institutions and Non-Institutions held 58.62 % and 28.14 % respectively.
 The stock is currently trading above its 200 DMA.

Infosys Ltd :-

BSE 990.65 8.75 (0.89%)
NSE 990.85 7.55 (0.77%)


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