Press Esc to close
Tuesday 02 September 2014
News updated at 10:53 PM IST
Weather
Max: 27°C
Min : 20°C
In Bangalore
Generally cloudy

Infosys shares down nearly 3% in early trade on profit-booking

Mumbai, Jul 15, 2013, (PTI) :
Employees walk in a forecourt at the Infosys campus in the Electronic City area of Bangalore September 4, 2012.  Credit: Reuters/

Shares of IT major Infosys today fell by nearly 3 per cent in early trade on profit-booking, after the stock had a smart rally in the previous session on better-than-expected first quarter earnings.

After making a weak opening, the stock further lost 2.62 per cent to Rs 2,729.05 on the BSE.

At the NSE, the scrip was down 2.7 per cent to Rs 2,728.30.


Dip in the stock was significant in sending the BSE benchmark Sensex down by 34.37 points to 19,924.10 at 1145 hrs. Infosys alone contributed 27.24 points to the overall Sensex fall.

Shares of IT major Infosys had on Friday ended with nearly 11 per cent gains, after the company posted a near 4 per cent increase in consolidated net profit for the April-June quarter, meeting market expectations.

The company's consolidated net profit rose by 3.7 per cent to Rs 2,374 crore for the April-June quarter against Rs 2,289 crore in the year-ago period. Its consolidated revenues rose 17.2 per cent to Rs 11,267 crore from Rs 9,616 crore in the year-ago period.

Go to Top

Photo Gallery
England's Steven Finn survives a run out attempt

England's Steven Finn survives a run out attempt

President Pranab Mukherjee at Mata Vaishno Devi shrine on Tuesday. J & K Governor NN Vohra is...

President Pranab Mukherjee at Mata Vaishno Devi shrine on Tuesday. J & K Governor NN Vohra is...

India's Ravindra Jadeja celebrates after bowling England's Eoin Morgan

India's Ravindra Jadeja celebrates after bowling England's Eoin Morgan

Shuttler PV Sindhu, bronze medalist at World Badminton Championship, speaking to the media with ...

Shuttler PV Sindhu, bronze medalist at World Badminton Championship, speaking to the media with ...

England's Chris Woakes, right, is run out for 10 runs...

England's Chris Woakes, right, is run out for 10 runs...

Indian cricketer Yuvraj Singh, right, watches Jamaican sprinter Usain Bolt bowl during a...

Indian cricketer Yuvraj Singh, right, watches Jamaican sprinter Usain Bolt bowl during a...

Dhoni And Jos Buttler at the fourth one-day international cricket match...

Dhoni And Jos Buttler at the fourth one-day international cricket match...

A devotee carries a statue of the Hindu god Ganesh, the deity of prosperity, to be immersed into...

A devotee carries a statue of the Hindu god Ganesh, the deity of prosperity, to be immersed into...

Ajinkya Rahane celebrates after scoring a century against England during the fourth One Day...

Ajinkya Rahane celebrates after scoring a century against England during the fourth One Day...

Cricketer Yuvraj Singh presents a bat signed by him to Olympic Gold Medalist sprinter Usain...

Cricketer Yuvraj Singh presents a bat signed by him to Olympic Gold Medalist sprinter Usain...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523