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“Infosys has been one of my favourite stocks. I have it in my portfolio and have not sold anything there. I do expect the stock to do very well going forward. In the next six to eight years, this will be one of the best performing largecap stocks coming out of India and the reason is very simple: they have a lot of cash on their balance sheets to expand and acquire companies.”

The stock has given a three-year return of 95.93 per cent as compared to a 46.85 per cent and 29.92 per cent rise seen in Nifty Midcap 100 and Nifty Financial services, respectively.

A breakout above the wedge pattern on the weekly charts also adds to the conviction that the short-term trend is on the upside, and the stock could retest its 52-week high above Rs 60.70 recorded on 15 November 2021. Short-term traders can look to buy the stock now or on dips towards Rs 50 for a possible target of Rs 65 in the next 1-3 months, suggest experts.

KPIT Technologies Ltd., incorporated in the year 2018, is a Small Cap company (having a market cap of Rs 14759.90 Crore) operating in IT Software sector.

Promoters held 63.99 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 15.83 per cent and 1.79 per cent, respectively.

BofA Securities noted that the key change in the FOMC statement relative to June was the first sentence: "Recent indicators of spending and production have softened. "By contrast the first sentence of the June statement noted that economic activity had picked up.

A total of 11,206 shares changed hands on the counter till 12:23PM (IST).

The company’s board has approved the sub-division of equity shares in 1:5 ratio, which means each share of Bajaj Finserv having a face value of Rs 5 will split into five shares with a face value of Re 1 each.

The Nifty Pharma index closed 2.33 per cent up at 12628.95.

Ethereum, Polkadot and Polygon rallied between 15-17 per cent each. Cardano, Solana and Bitcoin also posted double-digit rises. The global cryptocurrency market cap was at the $1.06 trillion mark. The total trading volume, meanwhile, jumped more than 40 per cent, close to $88.43 billion.