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Infosys Surges 2 Percent on Truist Deal While Sobha and SML Mahindra Drop Post Q2 Earnings
M
Moneycontrol•21-10-2026, 09:36
Infosys Surges 2 Percent on Truist Deal While Sobha and SML Mahindra Drop Post Q2 Earnings
- •Infosys shares gained 2.7 percent following the expansion of its collaboration with Truist to support an AI-first Global Capability Centre in Hyderabad.
- •Sobha stock declined 3.5 percent after posting a 54.6 percent year-on-year drop in consolidated Q2 profit to Rs 33 crore.
- •SML Mahindra shares fell 8 percent despite a 20.7 percent increase in revenue as Q2 profit dropped 44.4 percent to Rs 11.7 crore.
- •Just Dial dropped 3 percent following a 9.7 percent decline in Q2 profit to Rs 107.8 crore.
- •Gallantt Ispat added 2 percent despite reporting a 32 percent fall in Q2 consolidated profit.
Key Questions Answered
Infosys share price added 2.7% after the company announced the expansion of its collaboration with Truist, one of the largest US-based financial services companies, to support the development of the bank's AI-first Global Capability Centre in Hyderabad.
Sobha share price fell 3.5 percent after reporting a 54.6% year-on-year decline in consolidated Q2 profit to Rs 33 crore and a 31.3% drop in revenue to Rs 967.1 crore.
SML Mahindra share price dropped 8 percent following its Q2 financial results, which showed a 44.4% year-on-year decline in profit to Rs 11.7 crore, despite a 20.7% increase in revenue to Rs 669.8 crore.
