Infosys Technologies moves up with the acquisition of Axon

Infosys Technologies is currently trading at Rs 1,727.25, up by 24.20 points or 1.42% from its previous closing of Rs 1,703.05 on the BSE.

The scrip opened at Rs 1710 and has touched a high of Rs 1,730 with a low of Rs 1,695.So far 2,38,910 shares were traded on the BSE.

The BSE group ‘A’ IT sector stock touched a 52 week high of Rs 2,140 on October 10, 2007 and a 52 week low of Rs 1,212 .20 on January 22, 2008.

The BSE IT index is currently trading at 3,911.27 up by 1.26% from its previous closing.

Infosys Technologies has acquired UK-based Axon Group, a SAP consulting company, in an all-cash deal worth around Rs 3,300 crore.

The acquisition is seen as the largest overseas acquisition by any Indian IT company till date. The earlier biggest IT deal was Wipro Technologies’ buyout of US-based InfoCrossing for around Rs 2,400-crore.