Stock Market Live: Sensex Up 600 Points, Nifty Above 25,800
Shares of Infosys rose in early trading on Thursday following the release of its third-quarter results and an increase in its fiscal year 2026 guidance. L&T Technology Services also reported its Q3 results on thursday.
infosys Q3 performance and FY26 Outlook
Infosys reported its third-quarter results on Wednesday after market hours, leading to a jump in its share price. The company raised its fiscal year 2026 revenue growth guidance.
Detail: Infosys reported a consolidated revenue of ₹37,635 crore, a 1.1% sequential growth and a 7.3% year-over-year growth. Net profit for the quarter stood at ₹7,969 crore,a 7.1% year-over-year increase.The company revised its FY24 revenue growth guidance to 11.5-12.0% from the previous 9.5-11.5%.
Example/Evidence: according to Infosys’ official filing with the Bombay Stock Exchange, the company’s large deal total contract value (TCV) for the quarter was $3.4 billion, including $1.4 billion from new clients.
L&T Technology Services Q3 Results
L&T Technology Services released its third-quarter results on Thursday. The company’s performance was also positively received by investors.
Detail: L&T Technology Services reported a consolidated revenue of ₹2,518 crore, a 3.1% sequential growth and a 10.7% year-over-year growth. Net profit for the quarter was ₹310 crore,a 17.4% year-over-year increase.
Example/Evidence: L&T Technology Services’ investor relations page details that the company secured deals worth $168.3 million in Q3, with a strong focus on digital engineering and sustainability.
NSE and BSE Stock Performance
Both Infosys and L&T Technology services saw their stock prices increase following the release of their respective earnings reports.
Detail: The stock market reacted positively to the financial results and revised guidance of both companies, indicating investor confidence in their future performance. The National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) are the primary stock exchanges in India where these companies are listed.
Example/Evidence: As of January 16, 2024, at 05:37:47, Infosys shares were trading higher, reflecting the positive market sentiment. (Note: real-time stock data fluctuates and requires a live financial feed for precise values.)