Infosys leads losers in BSE's 'A' group

Sintex Industries, Manappuram Finance, Aban Offshore and Sun Pharmaceutical Industries are among the other losers in the BSE's 'A' group today, 18 August 2017.

Infosys tumbled 11.35% at Rs 905.20 at 13:50 IST after the company said that founder member, Narayana Murthy's continuous assault, including latest letter, is the primary reason that the CEO, Vishal Sikka, has resigned despite strong board support. The announcement was made during market hours today, 18 August 2017. Earlier today, 18 August 2017, Infosys said that board of directors of the company at a meeting held today, 18 August 2017, accepted the resignation of Dr Vishal Sikka as the Managing Director and Chief Executive Officer of the company with immediate effect. The stock topped the losers in 'A' group. On the BSE, 62.09 lakh shares were traded on the counter so far as against the average daily volumes of 1.64 lakh shares in the past two weeks.

Sintex Industries slumped 4.34% at Rs 33.10. The stock was the second biggest loser in 'A' group. On the BSE, 38 lakh shares were traded on the counter so far as against the average daily volumes of 67.43 lakh shares in the past two weeks.

Manappuram Finance skidded 4.26% at Rs 84.20. The stock was the third biggest loser in 'A' group. On the BSE, 6.82 lakh shares were traded on the counter so far as against the average daily volumes of 8.69 lakh shares in the past two weeks.

Aban Offshore fell 3.92% at Rs 177.80. The stock was the fourth biggest loser in 'A' group. On the BSE, 2.63 lakh shares were traded on the counter so far as against the average daily volumes of 2.1 lakh shares in the past two weeks.

Sun Pharmaceutical Industries lost 3.6% at Rs 471. The stock was the fifth biggest loser in 'A' group. On the BSE, 6.29 lakh shares were traded on the counter so far as against the average daily volumes of 9.05 lakh shares in the past two weeks.

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