Infosys Q3 results: Markets upbeat: Invest in IT shares

By Natraj Muthukrishnan on 12 January, 2010, 10:24 am

Infosys wished everyone a good morning today with its Q3 results which has beat expectations. On the queues of a weak dollar, the expectations were to be lower than the last quarter, but it has posted 2.73% jump in its Q3 net profit of Rs 1,582 crore as against Rs 1,540 crore in previous quarter.Revenues went up 2.8% to Rs 5,741 crore versus Rs 5,585 crore. Topline as well as bottomline were above the street estimates.

Experts say these are clear signs of the recovery of Indian economy and the IT industry in particular.

The share market was keeping its eyes on this results. As expected, the market has opened in green. All IT shares are up and are in green. Buying infosys shares is anot a sound advice to the investors now, but they can buy other IT shares like TCS and Wipro which are on increase now, and hence are affordable to buy and with their results just around the corner they are expected to fetch maximum returns.

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