Infosys surges after its JV strengthens collaboration with StarHub
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Infosys is currently trading at Rs. 1988.15, up by 19.45 points or 0.99% from its previous closing of Rs. 1968.70 on the BSE.
The scrip opened at Rs. 1975.00 and has touched a high and low of Rs. 1998.65 and Rs. 1973.00 respectively. So far 92197 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1998.65 on 12-Dec-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. 1998.65 and Rs. 1897.50 respectively. The current market cap of the company is Rs. 825300.60 crore.
The promoters holding in the company stood at 14.43%, while Institutions and Non-Institutions held 71.30% and 14.27% respectively.
Infosys Compaz, a joint venture (JV) between Infosys and Temasek, has strengthened its collaboration with Singapore-based info-communications provider, StarHub to accelerate their operations and drive technology-led innovations. Infosys Compaz will focus on transforming the company into a cloud-centric enterprise, prioritizing AI and cloud technologies, cybersecurity, and digital transformation.
Infosys Compaz was chosen by StarHub for its extensive experience in digital transformation, cybersecurity, and generative AI capabilities. Infosys Compaz will also deliver generative AI solutions and workplace transformation technologies that will enable StarHub to actively pursue new market opportunities. In addition, by leveraging Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey, and Infosys Topaz, an AI-first set of services, solutions and platforms using generative AI technologies, the collaboration will help global organizations simplify their operations, make meaningful decisions, and achieve cost efficiencies.
The collaboration aims to deliver value to StarHub’s clients across a wide range of services, including legacy modernisation and product implementation, AI & automation, data & analytics as well as industrialised operations. Infosys Compaz and StarHub will also co-create AI models by using telecommunications data to create offerings that address specific industry use cases and implement effective, tailored solutions.
Infosys is a leading provider of consulting, technology, outsourcing and next-generation digital services, enabling clients to execute strategies for their digital transformation.
