Guidance cut disappoints! Infosys drops 1%

India Infoline News Service | Mumbai | October 14, 2016 11:18 IST

The company has posted a net profit of Rs 3606 crore for the quarter ended September 30, 2016 as compared to Rs 3398 crore for the quarter ended September 30, 2015.

Infosys
Infosys Ltd  is currently trading at Rs 1043.1, down by Rs 8.95 or 0.85% from its previous closing of Rs 1052.05 on the BSE.

The company has posted a net profit of Rs 3606 crore for the quarter ended September 30, 2016 as compared to Rs 3398 crore for the quarter ended September 30, 2015. Total Income has increased from Rs 16428 crore for the quarter ended September 30, 2015 to Rs 18070 crore for the quarter ended September 30, 2016.

The stock has jumped after reporting second quarter results. However, the stock reversed its gains and dropped after lowering its sales growth outlook.

The scrip opened at Rs 1060 and has touched a high and low of Rs 1080.7 and Rs 996.15 respectively. So far 9139638 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 241650.06 crore.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 1278 on 03-Jun-2016 and a 52 week low of Rs 1009.2 on 22-Aug-2016. Last one week high and low of the scrip stood at Rs 1057.5 and Rs 1010 respectively.

The promoters holding in the company stood at 12.75 % while Institutions and Non-Institutions held 57.71 % and 29.05 % respectively.

The stock is currently trading below its 200 DMA.

***Note: This is a NSE Chart

 

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