Infosys shares up 1% on bagging IT contract in Saudi Arabia

Infosys shares up 1% on bagging IT contract in Saudi Arabia

06/09/2016 12:02

Shares of IT bellwether Infosys rose over 1 per cent on the Bombay Stock Exchange after the It major entered into a joint venture pact with Saudi Prerogative Company in the Kingdom of Saudi Arabia to conduct IT services for customers in the Kingdom of Saudi Arabia.

Boosted by the development, shares of company gained as much as 1.40 per cent to trade at 1048.90 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 1.28 per cent to Rs 1,045.10 apiece on National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 28,820.26, up 288.15 points, or 1.01 per cent at 12:05 PM.

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