Infinite Computer Solutions (India) has surged 13% to Rs 87 after the mid-cap IT firm said that in rupee terms it would post 21% year-on-year growth in net profit at Rs 146 crore for FY13. The revenue would grow 31% at Rs 1,380 crore on y-o-y basis.
“Our guidance for the next year factors the pipeline of opportunities that we have on the table and we are guiding for a 31% growth in revenue in Indian rupee terms and an EPS growth of 21%,” said Upinder Zutshi, MD & CEO Infinite in press release.
Meanwhile, the board has announced a final dividend of Rs 4.5 per share taking total dividend to Rs 8.5 per share including interim dividend of Rs 4 per share on face value of Rs 10 per share for FY12.
The stock opened at Rs 75.20 and hit a high of Rs 90 on the National Stock Exchange. A combined 193,301 shares have changed hands on the counter so far on both the exchanges.
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