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Infosys shares surge 6.6 per cent after Q2 results announcement

Stock rises as the company raises lower-end of its fiscal 2014 dollar revenue growth guidance.

Written by Reuters | Mumbai | Published: October 11, 2013 9:30:44 am

Shares in Infosys Ltd surged 6.6 per cent in pre-open trading on Friday,pointing to its highest level since January 2011,after the company raised the lower-end of its fiscal 2014 dollar revenue growth guidance.

Dealers also said that better than expected sequential dollar revenue growth from Infosys for the July-September quarter would also lift the shares.

Infosys,India’s second largest IT services exporter reported a 1.6% rise in net profit for the second quarter ending September 30,2013. The company posted a net profit of Rs 2,407 crore as compared to Rs 2,369 crore in the corresponding period a year ago.

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