Infosys tanked nearly 8% in opening trades this morning after the company lowered its guidance for the first quarter of next fiscal.
The stock touched a low of Rs 1,300, but later recovered and touched a high of Rs 1,382 towards the close. The stock finally ended with a loss of 2.7% at Rs 1,371.
The counter witnessed brisk activity, with around 7.77 lakh shares changing hands at the counter on the BSE today.
Updated at 1030 hrs
Infosys tanked nearly 8% in opening trades this morning after the company lowered its quidance for the first quarter of next fiscal.
The stock touched a low of Rs 1,300, but has recovered partially and is now down 4.5% at Rs 1,346. The counter has seen hectic activity with around 2.40 lakh shares changing hands at the counter on the BSE in the first half-hour.
Also read:
Compass: Infosys guidance below expectations
Infosys Q4 net up 29%; sees 5% sequential drop in Q1 topline
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