Business Standard

Infosys extends fall on weak FY13 guidance

Disappointing 4th-qtrr earnings, lower dollar revenue and EPS guidance for FY13 drags stock down

Related News

is trading lower by 2% at Rs 2,360, extending its record single day fall of around 13% on Friday, after the IT bellwether reported disappointing fourth quarter earnings and offered lower dollar revenue and earning per share (EPS) guidance for FY13.

The IT major has guided for 8-10% growth in dollar revenue terms which is much lower than expectations of 12-15%. The company expects FY13 dollar revenues at $7553-7692 million. The FY13 EPS guidance is expected at Rs 158.76-161.4 (at assumed currency rate of INR50.88/USD).

A combined around two million shares have changing hands on the counter so far on both the exchanges.

Read more on:   
|

Read More

Riddhi Siddhi Gluco Biols soars 20% on starch biz sale

Riddhi Siddhi Gluco Biols (RSGBL) has frozen upper circuit of 20% at Rs 259 on reports that it has sold its starch business to the world's ...

Quick Links

 

Market News

Nifty hits fresh record high ; Infosys, RIL up 2%

IT, FMCG, Oil and Gas shares among the top gainers

Godrej Properties, Brigade, Mahindra Lifespace to gain from FDI in construction

Analysts perceive this development to be a positive for developers with existing joint development / investment arrangements with foreign ...

BSE's entry into commex business to help revive investor confidence

Company can offer new and quality products learning from the mistakes of other commexes, says Finance Ministry official

Maruti Suzuki hits new high as Q2 profit beats estimates

The stock moved higher by 2% to Rs 3,262, bouncing back nearly 3% from intra-day low of Rs 3,171 on NSE.

Sensex hits fresh highs; TCS, Infosys up more than 2%

The Sensex has hit all time high of 27,359 levels whereas the Nifty is trading above 8,150

Back to Top