For Quick Alerts
For Daily Alerts

    IT shares resume downtrend as Geometric reports hugely disappointing results


    Shares in IT companies resumed their downtrend as Geometric Software results reported hugely disappointing results.

    IT shares resume downtrend as Geometric reports hugely disappointing results
    Infosys: Quotes, News
    BSE 721.50BSE Quote11.75 (1.63%)
    NSE 722.25NSE Quote12.05 (1.67%)
    Tata Consultancy Services: Quotes, News
    BSE 2024.70BSE Quote3.4 (0.17%)
    NSE 2022.80NSE Quote0 (0.00%)
    The stock of Infosys fell 1.25 per cent, TCS was down 1.8 per cent. The stock of Geometric fell a huge 10 per cent after reporting poor results.

    The company reported a net profit of just Rs 3.3 crore, as against Rs 16.3 crores in the last quarter.

    Financial performance of IT companies have lagged estimates this year with majors like TCS, Infosys, Wipro and HCL Tech reporting lower margins and muted revenue growth.

     Stocks like TCS and Infosys have lost heavy ground in the last few trading sessions.

    Read more about: tcs infosys hcl tech software
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    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