Infosys slips after Aberdeen Asset Management cuts stake

Infosys fell 1.10% to Rs 1,154.50 at 10:02 IST on BSE after Aberdeen Asset Management Asia pared its stake in the company.

The disclosure was made after market hours on Friday, 8 April 2016.

Meanwhile, the S&P BSE Sensex was down 59.66 points or 0.24% at 24,614.18.

On BSE, so far 27,000 shares were traded in the counter as against average daily volume of 6.99 lakh shares in the past two weeks. The stock hit a high of Rs 1,167 and a low of Rs 1,153 so far during the day. The stock had hit a 52-week high of Rs 1,249.90 on 4 April 2016. The stock had hit a 52-week low of Rs 932.55 on 10 July 2015.

Aberdeen Asset Management Asia has reduced its shareholding in Infosys by selling 56.26 lakh shares, or 0.24% equity, in the IT major on 7 April 2016. Aberdeen Asset Management Asia now holds 7.01 crore shares, or 3.04% stake in Infosys.

Infosys will announce its Q4 March 2016 result on 15 April 2016. The company's consolidated net profit as per International Financial Reporting Standards (IFRS) rose 2% to Rs 3465 crore on 1.7% increase in revenue to Rs 15902 crore in Q3 December 2015 over Q2 September 2015.

Infosys is a global leader in consulting, technology and outsourcing solutions.

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