The second quarter result of Infosys came in line with market expectations. The company reported consolidated net profit of Rs 1,906 crore, up 10% from a year ago, while revenue was up around 17% to Rs 8,099 crore.
Manoj Singla of Religare Capital Markets, in an interview to CNBC-TV18, gave his view on how Infosys will perform going forward. Singla feels that stock would continue to move up another 3-4% in the short term since a large number of people were not holding the stock before the second quarter results were announced.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
