Press Esc to close
Friday 22 August 2014
News updated at 1:19 AM IST
Weather
Max: 30.8°C
Min : 20.7°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
Prime Minister Narendra Modi addresses a gathering in Nagpur on Thursday...

Prime Minister Narendra Modi addresses a gathering in Nagpur on Thursday...

A leopard walks towards a lagoon at Yala National Park...

A leopard walks towards a lagoon at Yala National Park...

Ashok Leyland's new truck “Boss” gets launched in Ahmedabad ...

Ashok Leyland's new truck “Boss” gets launched in Ahmedabad ...

Sonal Chauhan walks the ramp at the Lakme Fashion Week Winter/Festive 2014 ...

Sonal Chauhan walks the ramp at the Lakme Fashion Week Winter/Festive 2014 ...

National Ambulance Service vans during their launch in Allahabad ...

National Ambulance Service vans during their launch in Allahabad ...

Veteran actor Dharmendra at an event in New Delhi on Thursday...

Veteran actor Dharmendra at an event in New Delhi on Thursday...

Solar Panel Scam accused, Saritha Nair at the Court in Coimbatore on Thursday...

Solar Panel Scam accused, Saritha Nair at the Court in Coimbatore on Thursday...

A woman with her child at a relief camp after Naga miscreants killed Assamese villagers ...

A woman with her child at a relief camp after Naga miscreants killed Assamese villagers ...

Fire fighters try to control a fire that broke out at a plastic godown at Kaduvetti ...

Fire fighters try to control a fire that broke out at a plastic godown at Kaduvetti ...

Emran Hashmi with Humaima Malik during a promotional event of their new movie in Bengaluru ...

Emran Hashmi with Humaima Malik during a promotional event of their new movie in Bengaluru ...

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