Akshata Murty Is Now ₹335 Cr Richer As Infosys Shares Fly To New Heights
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Shares of IT major Infosys shot up to an all-time high of ₹1,844 on Friday, following impressive Q1 results and many have seen their wealth rise with this stock rally.

What Happened: Akshata Murty, the daughter of Infosys' co-founder Narayana Murthy and the former first lady of the UK, saw her wealth increase significantly.

Akshata Murthy holds 1.04% of the company or 3.9 crore shares. Given Thursday's close at ₹1,758, this would amount to ₹6,848.65 crore. After shares touched a record high today, the value of her holding shot up to ₹7,183.68 crore. This led to an increase of over ₹335.03 crore in Akshata Murty's wealth.

See Also: Paytm’s Net Loss Soars To ₹839 Cr, Shares Recover As Street Expected Worse

Co-founder Narayan Murthy‘s wealth also saw an increase. Murthy held 0.41% or 1.5 crore shares. While his holding had a value of ₹2,662.60 crore as of yesterday's close, it increased to nearly ₹2,792.85 crore after today's rally. Meanwhile, the value of Sudha Murty's stake increased from ₹6,074 crores to ₹6,371.13 crores.

Infosys' shares surged after reporting a net profit of ₹6,368 crore for the quarter, marking a 7% increase compared to the ₹5,945 crore earned in the same period last year. Revenue also saw a rise of 7%, reaching ₹39,315 crore.  

Price Action: Shares of Infosys were up 3.45% at ₹1,818.75 on Friday afternoon.

Read Next: Reliance Shares Down Ahead Of Q1 Print: Here’s What To Expect

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...