Infosys dips 5% on profit booking post stellar December quarter results

Shares of Infosys dipped 5 per cent to Rs 1,318 on the BSE in the early morning trade on Thursday on profit booking after the information technology (IT) bellwether raised its fiscal 2020-21 (FY21) revenue guidance from 2-3 per cent to 4.5-5 per cent in constant currency while FY21 operating margin guidance was revised upward from 21-23 per cent to 24-24.5 per cent on the back of continued strong performance.

Despite today's fall, in the past one month, Infosys has outperformed the market by surging 16 per cent, as compared to a 7 per cent rise in the S&P BSE Sensex.

Infosys