Infosys among top IT bets after strong Q1 showing
Business Standard|July 20, 2024
Shares of Infosys zoomed 4.76 per cent, hitting their fresh 52-week high of $1,843 apiece on the BSE during Friday's intraday deals.
SHIVAM TYAGI

Overnight as well, Infosys' US-listed American depositary receipts (ADRs) ended 8.38 per cent higher at $22.50 on the NYSE, marking their highest single-day gain in four years.

This came after Infosys trumped Street estimates in its financial performance for the first quarter of financial year 2024-25 (Q1 FY25). It also gave higher growth guidance than expected for FY25.

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