Infosys down over 3 percent on bourses on disappointing nos

Monday, 18 April 2011, 20:01 IST
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Mumbai:IT major Infosys Technologies fell by over three percent in morning trade on bourses as the company's fourth quarter results and earning guidance failed to meet the market expectations. The scrip that opened on a weaker note, declined by 3.24 percent to a month's low of Rs 2,891.80 a share on Bombay Stock Exchange (BSE). In the previous trading session, it had tumbled 9.59 percent. Similarly, investors booked-profits at the company's counter on National Stock Exchange, where the stock lost 3.66 percent at Rs 2,880 a share. On the volume front, over 23 lakh shares of the company were traded on the two bourses this morning. Infosys had reported 13.62 percent jump in net profit at Rs 1,818 crore for the quarter ended March 31, which market experts termed as below-expectations.
Source: PTI
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