Shares of Infosys Technologies were hammered down almost 9% today, as its profit after tax figures for the first quarter dissappointed the streets. The PAT came in at Rs 2289 crores, against analysts expectations of around Rs 2,450 crores.
The shares of Infosys were trading at Rs 2257 on the Bombay Stock Exchange, down around 8.65%.
The company's results also saw sentiments turning sour for the other IT sector with stocks of TCS losing 2.22% at Rs 1233, HCL Technologies losing 2.2% at Rs 483 and Wipro losing 2% to trade at Rs 365.
Analysts believe that IT stocks may get re-rated following the poor results from Infosys Technologies.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google