Infosys Continues To Fall; Sheds 7% In Two Trading Sessions

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Shares in Infosys continued to head lower, dropping another 1.26 per cent in trade taking the losses in the last two trading sessions to almost 7 per cent.

Infosys Continues To Fall; Sheds 7% In Two Trading Sessions
Infosys: Quotes, News
BSE 1029.90BSE Quote8.7 (0.84%)
NSE 1029.20NSE Quote9.75 (0.95%)
The stock had dropped almost 6 per cent after the company declared what was a very poor set of results for the quarter ending March 31, 2015.

Infosys guided for a good set of revenue growth of 10-12 per cent for FY 2015-16, but markets were unhappy owing to the poor revenues that were reported for the quarter ending March 31, 2015.

Apart from this markets were not too convinced that the company would manage to achieve its revenue. All the three tech companies reported a very poor set of results. HCL Tech, Wipro, TCS and Infosys all disappointed.

Poor results from HCL Tech and TCS was already factored in, as these companies had already sounded a warning.

GoodReturns.in

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