INFOSYS NET UP

INFOSYS NET UP BY 28.6 PC IN Q2 AS THE COMPANY DECLARES 1:1 BONUS SHARES

Infosys Ltd. on Friday declared 1.1 bonus issue of equity shares to increase liquidity of its blue-chip stock and expand the retail shareholder base on the foreign stocks.
In a regulatory filing on the Bombay Stock Exchange (BSE), the IT forerunner said it would give one bonus share for every share held by investors to increase the volume of shares (liquidity) in the stock market for trading and help in expanding the retail shareholder base. "We are giving bonus shares after 15 years to our investors in India and 1:1 stock dividend of American Depositary Shares (ADS) to increase liquidity on the bourses and the retail shareholder base," Infosys chief financial officer Rajiv Bansal told.
The Rs.5 per share of the blue scrip shot up 6.16 percent to Rs.3,870 on the BSE within an hour of trading commencing  on friday from opening rate of Rs.3,685 against Thursday's closing rate of Rs.3,645.55.
The global software major also declared an interim dividend of Rs.30 per share for the first half (April-September) of this fiscal, which is six times (600 percent) the par value of its Rs.5 per share.
Infosys declared net profit of Rs.3,096 crore for second quarter (July-September) of the fiscal 2014-15, posting 28.6 percent year-on-year (YoY) growth and 7.3 percent sequentially.
 In a regulatory filing to BSE, the IT bellwether said consolidated revenue increased 2.9 percent to Rs.13,342 crore and 4.5 percent sequentially for the quarter (Q2) under review.
Under the International Financial Reporting Standard (IFRS), net income grew 6 percent YoY to $511 million and gross revenue 6.5 percent to $ 2.2 billion for the quarter.