Infosys hits a 52-week high; stock gains 12% in 1 month

Infosys share price:  Shares of Infosys gained as much as 3.25 per cent in Friday's trade (February 2) and touched the intra-day high of Rs 1,710.40 apiece on the BSE.

At around 11:35 a.m., shares of Infosys traded 3.12 per cent, or Rs 51.65, higher at Rs 1,708.10 apiece. Meanwhile, its market capitalisation stood at Rs 7,03,647.01 crore at around the same time.

Infosys recently reported its financial results for the October-December period on January 11, Thursday. The company reported a consolidated profit after tax (PAT) or net profit of Rs 6,106 crore for the quarter that ended December 31, 2023 (Q3 FY24).

The figure fell 1.7 per cent on a QoQ basis and 7.3 per cent YoY. Infosys recently announced that it was celebrating its 25-year partnership with SAP, a global leader in enterprise software and services.

The alliance between the two companies continues to help enterprises accelerate digital transformation and create sustainable business value by bringing together the best of Infosys Cobalt and SAP's extensive portfolio of cloud applications.

As part of the partnership, Infosys has worked with SAP to develop innovative solutions for enterprises across industries. Infosys brings decades of digital transformation expertise, consulting prowess, industry cloud solutions, and an arsenal of proven tools and accelerators.

Together, Infosys and SAP have partnered to develop multiple industry cloud solutions. These include personalised medicine, clinical trial supply management (CTSM) for life sciences, leads and proposal management for professional services, demand sensing for CPG, enhanced customer experience, sustainable sales, and operations planning (S&OP) to benefit enterprises across industries.