Infosys rises on entering into strategic collaboration with Polestar
Infosys is currently trading at Rs. 1910.85, up by 14.85 points or 0.78% from its previous closing of Rs. 1896.00 on the BSE.
The scrip opened at Rs. 1890.35 and has touched a high and low of Rs. 1915.00 and Rs. 1890.35 respectively. So far 55038 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1975.05 on 02-Sep-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. 1918.00 and Rs. 1866.95 respectively. The current market cap of the company is Rs. 793682.86 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 Polestar, the Swedish electric performance car brand. This engagement aims to create a base for Polestar’s development of in-car infotainment, Software and Electrical / Electronics (SW&EE) engineering, user experience (UX), and cloud-powered digital services. The company will also leverage in-tech, its latest acquisition in the R&D space, to complement the engagement.
The company will establish a global technology hub for Polestar at its development center in Bengaluru, India. This hub aims to deliver electric vehicle (EV) software development and validation across many domains including infotainment, Advanced Driver Assistance Systems (ADAS), and telematics. It also supports Polestar’s product management, customer engagement, corporate solutions, and accelerates direct-to-consumer digital services through cloud-native development, testing, and data engineering. Polestar will benefit from leveraging the company’s strategic assets like engineering labs, design studio, and Infosys Living Labs to enhance innovation.
Infosys is a global leader in next-generation digital services and consulting.
