Infosys gains most in one year on revenue guidance, payout plan

Shares of Infosys Ltd on Monday rose as much as 5.5%, gaining the most in the last one year, as the company, post market hours on Friday, reported strong June quarter earnings and increased its revenue growth guidance for fiscal year 2020.

The management said it was also confident of delivering within its guided EBIT margin range of 21-23%, despite recent rupee appreciation, and was expecting to return more cash to its shareholders.

The stock surged as much as 5.49% to hit a high of ₹767 a share. At 9.50 am, it was trading at ₹758.60 on the BSE, up 4.33% from previous close.