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Infosys’ shares today jumped 1.4 per cent on short-covering in derivatives segment and announcement of new strategy.
The stock recovered from 3.5 per cent on Thursday on speculation of an acquisition.
The company had on Thursday announced services in design thinking, platforms and knowledge-based IT.
The new strategy gives themes of more automation, focus on better margins and new revenue streams, according to Morgan Stanley.
The company bets on new services to push sales to $20 billion by 2020.
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