Infosys up in the green

Infosys is up in the green since morning, up over 2.25% at Rs.1129.50, with an intra day high of Rs.1131.95. Its 52-week high stands at Rs.1186 and low at Rs.898.53.

The stock is up on two counts – firstly it secured an order from the Govt of India for Goods and Services Tax (GST) contract and secondly for partnering with US company, TOMS Shoes for its global digitization.

The company’s GST order is worth Rs.1400 crore and it is a 5-year contract, which includes system development and operation works.

The order with TOMS Shoes is for three years and it will entail maintaining and developing its digital platform, to streamline management of its web-based properties and introduce automation technologies to lower overall support and development costs. Infosys will provide its services across TOMS offices in US, Canada, Germany, UK, France and Netherlands