For Quick Alerts
For Daily Alerts

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


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 827.45BSE Quote1.7 (-0.21%)
NSE 827.70NSE Quote1.6 (-0.19%)
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.

Read more about: infosys
Story first published: Monday, April 27, 2015, 14:18 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more