11-10-2024 09:47 AM | Source: Accord Fintech
Infosys moves up on collaborating with zooplus to drive digital transformation

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Infosys is currently trading at Rs. 1928.15, up by 9.10 points or 0.47% from its previous closing of Rs. 1919.05 on the BSE.

The scrip opened at Rs. 1918.05 and has touched a high and low of Rs. 1929.15 and Rs. 1909.90 respectively. So far 6174 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1976.90 on 09-Oct-2024 and a 52 week low of Rs. 1352.00 on 01-Nov-2023.

Last one week high and low of the scrip stood at Rs. 1976.90 and Rs. 1906.90 respectively. The current market cap of the company is Rs. 796817.73 crore.

The promoters holding in the company stood at 14.61%, while Institutions and Non-Institutions held 70.22% and 15.17% respectively.

Infosys has entered into a strategic collaboration with zooplus, a leading European e-commerce company based in Munich, Germany, to enhance its service capability and scalability. The collaboration will establish a state-of-the-art Global Capability Center (GCC) in Hyderabad, India.

zooplus will leverage Infosys Topaz, an AI-first offering using generative AI technologies, that will aim to help the company drive AI innovation and growth transform e-commerce capabilities, and enhance operational efficiency. The collaboration will also help improve its marketing, e-commerce, and supply chain capabilities. It will support zooplus by enhancing its expertise in product management, technology, quality, design, and engineering; and set up a new order management system.

Infosys was selected for its unique AI-first strategy and its commitment to driving improvements in productivity while achieving cost efficiencies. The GCC will leverage Infosys’ data-driven excellence and innovative capabilities to play a pivotal role in transforming zooplus’ customer experience, significantly enhancing their technology and value chain capabilities.

Infosys is a global leader in next-generation digital services and consulting.