Infosys rallies over 4% post Q1 results; should you invest?

NEW DELHI: Shares of Infosys jumped over 4 per cent in early trade on Monday after it reported better-than-expected June quarter numbers. The company posted a 5.3 per cent year-on-year jump in net profit and also raised the revenue growth forecast for current fiscal to 8.5-10 per cent range.

The IT firm posted a net profit of Rs 3,802 crore for the quarter ended June 2019 against Rs 3,612 crore in the same period last year.

The scrip was trading 4.52 per cent up at Rs 760 at around 9.45 am (IST), while the BSE Sensex was up 112 points, or 0.29 per cent, at 38,848 at around the same time.