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However, the company's operating margin witnessed a marginal decline. The operating margin stands at 20.1 per cent, a decline of 0.9 per cent on a year-on-year basis and 0.4 per cent from the December quarter.
A report by Reports by YES Securities has given BUY recommendation to Infosys, while for TCS it has maintained ADD recommendation.
Infosys had in a BSE filing on September 14 suggested that the IT firm had entered into a Memorandum of Understanding with a global company to provide business operations services, leveraging Infosys' platforms & AI solutions.
Infosys share price: Th stock was last seen trading 2.67 per cent higher at Rs 1,410.80 today. At this price, turnover on the counter stood at Rs 42.88 crore with a market capitalisation (m-cap) of Rs 5,85,683.20 crore.
Infosys share price: The stock was last seen trading 0.69 per cent lower at Rs 1,367.80 today. At this price, the scrip was up 12.54 per cent from its one-year low of Rs 1,215.45, a level seen on April 25 this year.