Infosys fell 2.69% to Rs 3,172.60 at 10:33 IST on BSE after the company's American depository receipt, or ADR, fell 4.68% to settle at $52.98 on New York Stock Exchange on Tuesday, 15 April 2014.
Meanwhile, the BSE Sensex was up 4.18 points, or 0.02%, to 22,489.11.
On BSE, so far 47,000 shares were traded in the counter, compared with an average volume of 72,949 shares in the past one quarter.
The stock hit a high of Rs 3,257 and a low of Rs 3,162.05 so far during the day. The stock hit a record high of Rs 3,847.20 on 3 March 2014. The stock hit a 52-week low of Rs 2,190 on 29 April 2013.
The stock had underperformed the market over the past one month till 15 April 2014, falling 3.81% compared with the Sensex's 3.10% rise. The scrip had also underperformed the market in past one quarter, falling 12.13% as against Sensex's 5.62% rise.
The large-cap company has an equity capital of Rs 287.12 crore. Face value per share is Rs 5.
The decline in Infosys' ADR was triggered by the company announcing its Q4 March 2014 results before trading hours on Tuesday, 15 April 2014.
Infosys' consolidated net profit rose 4.1% to Rs 2992 crore on 1.2% decline in revenue to Rs 12875 crore in Q4 March 2014 over Q3 December 2013. Infosys' non-operational income jumped 16.4% to Rs 851 crore in Q4 March 2014 over Q3 December 2013. The results are as per International Financial Reporting Standards. Shares of Infosys rose 0.76% to Rs 3260.45 on BSE on Tuesday.
Infosys has forecast revenue growth of 7% to 9% in dollar terms for the year ending 31 March 2015 (FY 2015). The company has forecast revenue growth of 5.6% to 7.6% in rupee terms for FY 2015. The guidance in rupee terms is based on rupee dollar conversion rate of 60.
Infosys had liquid assets including cash and cash equivalents, available-for-sale financial assets, certificates of deposits and government bonds at Rs 30251 crore as on 31 March 2014, higher than Rs 27440 crore as on 31 December 2013.
Infosys said that the company's current policy is to pay dividends up to 30% of post-tax profits. The board has decided to increase the dividend pay-out ratio to up to 40% of post-tax profits with effect from FY 2014. The board of directors recommended a final dividend of Rs 43 per share for FY 2014.
Infosys and its subsidiaries added 50 clients in Q4 March 2014 and 238 clients in FY 2014.
There was gross addition of 10,997 employees during the quarter and 39,985 during the year by Infosys and its subsidiaries.
Infosys is a global leader in consulting, technology and outsourcing solutions.
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