{"id":114174,"date":"2023-11-22T16:26:10","date_gmt":"2023-11-22T10:56:10","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114174"},"modified":"2023-11-22T16:26:15","modified_gmt":"2023-11-22T10:56:15","slug":"large-cap-it-stock-jumps-after-company-announces-collaboration-with-tk-elevator","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/large-cap-it-stock-jumps-after-company-announces-collaboration-with-tk-elevator\/","title":{"rendered":"Large cap IT stock jumps after company announces collaboration\u00a0with TK Elevator"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-721339223\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The leading IT company closed up by 1.3 percent Rs 1,457.30 from its previous close of Rs 1,439. The aftermarket session company announced their strategic partnership.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1427895538\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>According to the filing, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/INFY\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Infosys<\/a><\/strong> and TK Elevator declared a strategic partnership to modernize, harmonize, and consolidate TK Elevator&#8217;s digital environment. In order to deliver a user-centric, business outcome-driven solution, Infosys will make use of Infosys Topaz and its AI-first strategy.\u00a0<\/p><p>The collaboration includes the existing Service Desk, Data Center, Cloud, LAN, and Workplace, as well as SD-WAN operations and transformation. The partnership aims to support TK Elevator in staying one step ahead of a changing and cutthroat market.&nbsp;<\/p><p>The company has reported its net revenue rose 6.7 percent year on year from Rs 36,538 crores in Q2FY23 to Rs 38,994 crores in Q2FY24. On a quarter-on-quarter basis, their revenue increased 2 percent from Rs 37,933 crore in Q1FY24 to current levels.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2832351337\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In addition, net profit rose 3 percent year on year, from Rs 6,021 crores in Q2FY23 to Rs 6,212 crores in Q2FY24. On a sequential basis, their net profit rose by 4.4 percent from Rs 5,945 crores in Q1FY24 to current levels.&nbsp;<\/p><p>The company&#8217;s promoters hold a 14.8 percent stake in the company, with 33.5 percent owned by foreign institutional investors, 16.1 percent owned by the general public, and 35.3 percent owned by domestic institutional investors.&nbsp;<\/p><p>Infosys IT Software Company is a large-cap company with a market capitalization of Rs 5,97,242 crores. It also has a return on equity (ROE) of 32 percent and a return on capital employed (ROCE) of 44 percent.&nbsp;<\/p><p>The share price of Infosys has increased by 12.1 percent in the last six months.&nbsp;<\/p><p>Infosys Ltd helps customers implement strategies for their digital transformation by offering technology, outsourcing, consulting, and next-generation digital services. In India, it ranks as the second-biggest IT company after TCS.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sriram KV<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-3216783757\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3051260890\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The leading IT company closed up by 1.3 percent Rs 1,457.30 from its previous close of Rs 1,439. The aftermarket session company announced their strategic partnership.&nbsp; According to the filing, Infosys and TK Elevator declared a strategic partnership to modernize, harmonize, and consolidate TK Elevator&#8217;s digital environment. In order to deliver a user-centric, business outcome-driven [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[14601,8547,8544,948,936],"class_list":["post-114174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-infosys-collaboration-with-tk-eleator","tag-infosys-latest-news","tag-infosys-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Large cap IT stock jumps after company announces collaboration\u00a0with TK Elevator - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The leading IT company closed up by 1.3 percent Rs 1,457.30 from its previous close of Rs 1,439. 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