Infosys continues to drop; falls 24% in two days

Stocks

oi-Sunil

By Sunil Fernandes

Published: Monday, April 15, 2013, 11:39 [IST]

Shares in Infosys continued to fall and dropped another 2.41 per cent in trade today, thus falling 24 per cent in two trading sessions, following a disappointing set of quarterly numbers.

The stock was last traded at Rs 2241 on the National Stock Exchange. Other IT stocks were also trading lower with Tata Consultancy Services and Wipro also dropping in trade.

After one set of superlative numbers in Q3 FY 2013, Infosys, India's second largest software services provider disappointed again with a poor set of numbers for Q4 FY 2013. Margins, guidance and revenues, particularly dollar revenues were poor.

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