: StockMarketNEWS Daily Updates IT index outperforms; Infosys jumps 12 percent

@StockMarketNEWSThu 16 Jul, 2020

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

IT index outperforms; Infosys jumps 12%; TCS, Mphasis gain, LT Infotech hits all-time high
Among the sectors, the it index jumped 5 percent led by heavyweight infosys which surged 12 percent followed by lt infotech, mphasis and tcs.

Infosys Consolidated June 2020 Net Sales at Rs 23,665.00 crore, up 8.54% Y-o-Y
Guj Hotels Standalone June 2020 Net Sales at Rs 0.15 crore, down 83.61% Y-o-Y
GTPL Hathway Standalone June 2020 Net Sales at Rs 345.81 crore, up 10.82% Y-o-Y

Federal Bank share price jump 4% after June quarter results; Citi initiates buy
The lender#39;s interest income rose to rs 3,444.15 crore in the june quarter compared with rs 3,229.30 crore a year ago.

LT Infotech share price jumps 4% after 17% jump in Q1 net profit
Consolidated revenue from operations saw an 18.7 percent yoy jump to rs 2,949.20 crore; sequentially, it was down 2.1 percent.

Titagarh Wagons shares up 3% after Matiere S.A.S becomes 100% wholly-owned subsidiary
The shareholding of the company in mtbpl has changed from 50 percent to 100 percent and thus mtbpl has become a wholly-owned subsidiary of the company
w.e.f. july 14, 2020, the company said.

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