Infinite Computer extends losses post Q4 nos

The company had reported a decent 29.8 percent jump in Q4FY15 net at Rs. 7.50 crore when compared with Rs. 5.78 crore in Q4FY14.

May 25, 2015 11:05 IST India Infoline News Service

Infinite Computer which was locked at the 20 percent lower on Friday, has today extended losses following the announcement of its Q4 results.

The company had reported a decent 29.8 percent jump in Q4FY15 net at Rs. 7.50 crore when compared with Rs. 5.78 crore in Q4FY14. Total income too was up almost 4 percent at Rs. 79.18 crore from Rs. 76.18 crore.

The stock today almost hit the 20 percent lower limit at Rs. 168, and is now down 13.3 percent at Rs. 182. The counter has seen trades of around 343,000 shares as against the two-week daily average volume of around 64,000 shares on the BSE.

In the process, the stock has tanked over 36 percent in the last two trading sessions.

Interestingly, the stock had rallied nearly 20 percent in the run-up to the results in seven trading sessions.

Meanwhile, the Sensex is now down 142 points to 27,815.

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