Infosys shares dip 6% on profit booking post March quarter results

Motilal Oswal Securities expects Infosys to be a key beneficiary of a recovery in IT spends in FY22E

Shares of Infosys were down 6 per cent at Rs 1,320 on the BSE in intra-day trade on Thursday on account of profit booking in the counter following the company's March quarter numbers.
 

The IT bellwether on Wednesday posted a 17.47 per cent year-on-year (YoY) growth in net profit at Rs 5,076 crore for the March quarter of the financial year 2020-21 (Q4FY21) as against Rs 4,321 crore posted in the same period last fiscal. Sequentially, however, the figure dipped by 2.32 per cent from Rs 5,197 crore posted in the December quarter of FY21. READ MORE

The company’s revenue