Infosys logs new all-time high on multi-year deal win from Daimler

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Infosys logs new all-time high on multi-year deal win from Daimler


MUMBAI: IT major Infosys scaled a new all-time high on Wednesday, as it advanced 1.5 per cent after it won a multi-year deal from German automotive major Daimler to drive hybrid-cloud powered innovation and IT infrastructure transformation.

While Infosys did not disclose the size of the deal, sources ET NOW spoke to pegged it at over a billion dollars, making it the second billion dollar deal for Infosys in a pandemic year, months after it won a large deal from Vanguard.

At 9:18, Infosys was up 1.52 per cent at Rs 1,239.25, and had scaled a record high of Rs 1,242.95 in early trade. Meanwhile, benchmark Sensex was down 0.20 per cent at 45,914.65 points.

Infosys has been the fastest wealth creator over the last 25 years, as the stock multiplied a staggering 688 times in the period, according to Motilal Oswal’s annual wealth creation study.

“Infosys is the ultimate growth stock from India which has changed the shape of the IT industry. It had bellwether status, which it lost a few years ago, but I think they are getting back there,” Raamdeo Agrawal, chairman of Motilal Oswal Financial Services, said on Tuesday.

“In 25 years, it is unbelievable what can happen. This company is of course the best of the best,” he had said as he unveiled the 25th edition of the Motilal Oswal annual wealth creation study.





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