Mumbai: Software major Infosys Technologies today surged nearly 3% in early trade on the Bombay Stock Exchange after the company reported a 17.28% growth in net profit at Rs1,527 crore.
The scrip surged to a high of Rs1,725, an increase of Rs48 or 2.88% over previous close on the BSE.
Similarly, on the National Stock Exchange, shares of Infosys gained 2.75% to Rs1,723.70. On the volume front, over 4.37 lakh shares were traded on both the bourses.
For the first quarter ended 30 June, 2009, Infosys posted a 17.28% growth rate in net profit at Rs1,527 crore, against Rs1,302 crore in the same period last fiscal.
Marketmen said, better-than-expected quarterly figures of Infosys propelled the entire IT sector stocks and the BSE IT index gained 2% at 3,190.74 points.
Other major gainers in the IT sector include Wipro, which surged 5.61% at Rs393 and TCS up 2.83% to Rs715 on the BSE.