Friday April 13, 10:30 AM
Infy all the way... |
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By Equitymaster.com
The Indian indices have once again welcomed the fourth quarter and full year results announced by software major Infosys this morning. Currently, only 6 stocks on the Nifty are trading in the red indicating optimism amongst investors about the forthcoming results season. Software majors are leading the pack of gainers in early trades followed by banking and metal stocks.
The BSE Sensex is trading at 13,283 (up 170 points) while the NSE Nifty is trading at 3,876 (up 47 points). The rupee is trading at 42.68 to the dollar.
Software major Infosys has announced its fourth quarter and full year results ended March 2007. On QoQ basis the topline has registered a growth of 3.2%, while the bottomline grew by 16.4% QoQ. Infosys has added 34 new clients and 5,992 employees in the last quarter of FY07. For the full year, the company has registered a growth of 46% YoY in the topline. The bottomline has grown by a whopping 57% YoY. The results are in line with the guidance given by the company. It has also declared a dividend of Rs 6.5 per share along with FY08E EPS growth guidance of 22.6%. The stock is up 3% along with its peer Satyam, while Wipro (WIPRd.BO, news) and TCS are up 2%.
In the US markets, good set of retail sales number led to a positive day yesterday. All the three indices, the Dow Jones, the S&P and the tech laden NASDAQ ended 1% higher. The oil prices ended higher at US$ 63.9 per barrel. As regards global markets, while the European indices ended mixed yesterday, the Asian indices are also trading mixed.
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