At 9:48 am, Infosys shares were trading 2.61 per cent down at Rs 1137.40 on BSE, while on NSE, Infosys shares were trading 3.48 per cent down at Rs 1126.80 (Reuters)
Shares of Infosys fell 5 per cent after rising earlier rising as much as 4.5 pct to mark its record high of 1,219.80 rupees.
At 9:48 am, Infosys shares were trading 2.61 per cent down at Rs 1137.40 on BSE, while on NSE, Infosys shares were trading 3.48 per cent down at Rs 1126.80
Infosys, India’s second largest IT services exporter reported a 9.8% rise in net profit for the second quarter ending September 30, 2015. The company posted a net profit of Rs 3,398 crore as compared to Rs 3,096 crore in the corresponding period a year ago.
The revenues of Infosys for the second quarter ending September 30, 2015 rose by 17.2%. The company reported a revenue of Rs 15635 crore as compared to Rs 13,342 crore in the corresponding period a year ago.
Brokerage houses were predicting a 4% plus sequential revenue growth and a marginal rise in operating profit margins.
Shares of its rivals also fell on account of Infosys’ 2nd quarterly results. HCL Technologies down 2 per cent while Wipro fell 0.3 per cent
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