A day after the company reported its December quarter profits, Infosys's stock recovered from a Friday morning decline to trade in the green.

After beginning positively, the stock further rose 1.31 percent to Rs 1,500 at 11:56 hrs. Later on, though, it recovered and increased 0.74 percent to Rs 1,491.65. On the NSE, the company's shares opened up for business on a bullish note before giving up their gains and falling 0.85% to Rs 1,468. At the same time, The NSE Nifty traded 22.35 points lower at 17,835.85.

On Thursday, Infosys announced a better-than-expected 13.4% increase in profit for the December quarter and increased its annual sales projection based on a healthy transaction pipeline, but it also issued a warning about "constraints" in several industries due to the weakening global economy.

In comparison to the same period a year prior, the combined net profit increased to Rs 6,586 crore in October–December 2022.

Despite the "changing global conditions," the IT bellwether anticipates revenue growth of 16–16.5 percent for the current fiscal year compared to the increase of 15–16 percent it had predicted earlier.

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