High ROE and high ROCE stock: India’s 2nd largest IT company collaborates with STARK Group to power its digital transformation!
The stock is up by 24 per cent from its 52-week low of Rs 1,215.45 per share.
Infosys Ltd (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, announced a strategic multi-year collaboration with STARK Group, As part of this collaboration, Infosys and STARK Group will establish a state-of-the-art data centre in Denmark, which will serve as the foundation to drive technological advancements and provide seamless services to STARK Group’s offices across Europe.
Infosys will adopt an ‘AI first’ approach powered by Infosys Topaz, to empower STARK Group with AI-driven operational efficiencies and service quality. Additionally, Infosys will utilize its Live Enterprise Application Management Platform (LEAP), a cloud-enabled platform, to provide NextGen Application Management Services and part of Infosys Cobalt, and help drive automation in STARK Group’s IT landscape with an objective to continuously improve and innovate their IT operations. Infosys will further aim to enable STARK Group to improve cost and operation efficiency and help them scale across multiple geographies.
Earlier, Infosys announced a strategic collaboration with Danske Bank to power the bank’s digital transformation, which further enhanced Infosys’ localization strategy in the Nordics. Additionally, Infosys acquired BASE Life Science in Denmark and Fluido in Finland. This relationship with STARK Group further signifies Infosys' increasing prominence in the Nordics region and exemplifies its commitment to helping clients in the region accelerate their digital transformation.
On Wednesday, shares of Infosys Ltd plunged 0.13 per share to Rs 1,498.8 per share with an intraday high of Rs 1,505.35 and an intraday low of Rs 1,488.5. The stock is up by 24 per cent from its 52-week low of Rs 1,215.45 per share.
The shares of the company have an ROE of 32 per cent and an ROCE of 40.7 per cent. Investors should keep an eye on this IT stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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