Infosys share price gained as much as 1.99 per cent in the afternoon trade on Monday after the company announced that it has made an investment of $3 million in WHOOP (Reuters)
Infosys share price gained as much as 1.99 per cent in the afternoon trade on Monday after the company announced that it has made an investment of $3 million in Whoop which offers a performance optimisation system for elite professional sports teams.
‘The investment will be completed by December 16, 2015,” Infosys said in a release.
At 1.54 pm, shares of Infosys were up 1.96 per cent at Rs 1,073.00. The scrip opened at Rs 1,050.00 and had touched a high and low of Rs 1,073.30 and Rs 1,049.00, respectively, in trade so far.
Later, the share price of Infosys closed 1.63 per cent up at Rs 1,069.50.
Whoop’s system includes a device worn by athletes on their wrist that continuously measures key strain and recovery variables, and actionable analytics powered by proprietary algorithms that generate intensity and recovery scores. This enables athletes and coaches to gain visibility into the drivers of high performance, guide training and make optimal game day decisions.
The promoters holding in the company stood at 13.08 per cent while institution and non-institutions held 57.06 per cent and 29.86 per cent respectively.
In the past one year, the share price of Infosys declined 45.21 per cent to Rs 1,052.35 on December 11. Sensex fell 9 per cent during the same period.
The IT major will announce its Q3 results on January 14, 2016.
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