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Infosys stock hits record high
See photo NEW DELHI: Shares in Infosys Technologies rose 1.8 per cent to a record high of Rs 2,876, ahead of its quarterly earnings on July 13.
"We expect robust results from Tier 1 IT vendors to demonstrate the underlying demand strength," Macquarie said in a note.
It expects Infosys to raise fiscal year 2011 US dollar revenue growth guidance to 17-19 per cent from 16-18 per cent.
At 9:29 am, Infosys was up 1.7 per cent, outpacing 0.9 per cent rise in the main stock index.
"We expect robust results from Tier 1 IT vendors to demonstrate the underlying demand strength," Macquarie said in a note.
It expects Infosys to raise fiscal year 2011 US dollar revenue growth guidance to 17-19 per cent from 16-18 per cent.
At 9:29 am, Infosys was up 1.7 per cent, outpacing 0.9 per cent rise in the main stock index.
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