Infosys shares end 3.15% lower at Rs 1,134.5 after outlook disappoints

Infosys’ shares slid 3 per cent after the Indian IT services giant said it expected operating margins lower than the previous year’s.

The firm is forecasting an operating margin of 22-24 per cent this year, lower than previous year’s 23-25 per cent view. That fell short of investors’ expectations, Citigroup analyst Surendra Goyal said, given its annual sales forecast only managed to match estimates. 

Infosys dived as much as 6 per cent Monday, its steepest intra-day fall since August. The stock, however, managed to recoup half of the losses to end 3.15 per cent lower at Rs 1,134.5

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