Infosys has hit a new high today morning at Rs.4247.95 and continues to trade strongly in the green, at Rs.4240 levels.

The stock hit a high following the company announcing its Record Date as 3rd December for the purpose of allotment of bonus shares / stock dividend. This means, the stock will turn ex-bonus on 2nd Dec.

The company, on 10th Oct declared a 1:1 bonus, to increase liquidity and increase retail participation. The Board has also declared a liberal Rs.30 per share interim dividend, up from Rs.20/share dividend of previous Q2.