Infosys bid buzz profits Capgemini

Bangalore: Capgemini, the European IT services group, saw a rise of 3.7 percent in its shares after there were talks among traders about Infosys interest in bidding for it. The stock gained 3.5 percent to a two week high of 53.19 making it biggest gainer on France's CAC-40 benchmark index, reported Business Standard.

"Infosys has not had any great success out of its consulting business so far. If the Capgemini deal happens, Infosys will be able to successfully compete with other majors in the consulting space," said Tejas Doshi, Sector Analyst., Sushil Finance.

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Both Infosys and Capgemini declined to comment on the market rumors with the Infosys scrip ending at 0.53 percent lower on the Bombay Stock Exchange. Infosys, whose clients includes ABN AMRO, Goldman Sachs and Airbus, develops applications, designs supply chains and offers back office services to Western clients seeking to cut costs.
Source: IANS