Infosys hits two-month low
The stock has underperformed the market by falling 7% in past two weeks as compared to 3% decline in the Sensex.
 "Infosys hits two-month low")
Infosys has dipped 2% at Rs 1,060, also its lowest level since September 8, 2015 on the Bombay Stock Exchange (BSE). The stock of the India's second largest software exporter Infosys has underperformed the market by falling 7% in past two weeks as compared to 3% decline in the S&P BSE Sensex.
According to media reports, Infosys chief operating officer (COO) Pravin Rao and newly anointed finance chief MD Ranganath said on a conference call with investors that the company was still facing challenges in key verticals such as energy and telecom. The company expects the margins to take a hit and shrink in the second half from the first. CLICK HERE TO READ FULL REPORT.
According to media reports, Infosys chief operating officer (COO) Pravin Rao and newly anointed finance chief MD Ranganath said on a conference call with investors that the company was still facing challenges in key verticals such as energy and telecom. The company expects the margins to take a hit and shrink in the second half from the first. CLICK HERE TO READ FULL REPORT.