Infosys rises on entering into strategic collaboration with Kardex
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Infosys is currently trading at Rs. 1897.05, up by 6.75 points or 0.36% from its previous closing of Rs. 1890.30 on the BSE.
The scrip opened at Rs. 1900.50 and has touched a high and low of Rs. 1914.45 and Rs. 1893.55 respectively. So far 48351 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1990.90 on 15-Oct-2024 and a 52 week low of Rs. 1359.10 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 1914.45 and Rs. 1836.00 respectively. The current market cap of the company is Rs. 788034.18 crore.
The promoters holding in the company stood at 14.43%, while Institutions and Non-Institutions held 71.30% and 14.27% respectively.
Infosys has entered into strategic collaboration with Kardex, a leading global provider of intralogistics solutions, including automated storage solutions and material handling systems, to transform its business operations using SAP S/4HANA. Leveraging Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey, Infosys will help Kardex unify its ERP system in over 30 countries, boost operational efficiency, and scalability.
The company was selected by Kardex for its extensive experience in executing large-scale digital transformation projects with SAP S/4HANA and its deep expertise in the manufacturing and logistics sectors. As part of this engagement, Infosys will help Kardex harmonize and standardize its business processes to drive productivity, flexibility, and improved decision making. To ensure seamless data transfer, minimize downtime and maintain data integrity, Infosys is leveraging its own tools, including Infosys Data Services Suite (iDSS), a data management solution that helps in end-to-end data life cycle automation. As a part of the engagement, Infosys aims to create a unified system for Kardex, to equip them with real-time insights, enhanced customer experience, and a strong foundation for growth.
Infosys is a leading provider of consulting, technology, outsourcing and next-generation digital services, enabling clients to execute strategies for their digital transformation.
