Stocks

Infosys' Q3 results on January 10

BL Internet Desk | Updated on January 09, 2020 Published on January 09, 2020

The ‘attrition’ doesn’t reflect mass trimming, Infosys said

Software major Infosys will begin the earnings season on January 10, as per the release to the BSE.

The stock was one of underperformers during the third quarter (October-December), falling more than 8 per cent as against Nifty IT, mainly due to a whistlblower complaint.

The stock was seen traded high at Rs 815 on October 11, 2019. It fell thereafter to a low of Rs 635 on October 24, 2019. Now, the stock got some support around the lower levels and after some consolidation the stock is making an attempt to move upwards.

At 11.55 am, the stock was quoted higher by Rs 11.45 or 1.50% at Rs 729.45 on the BSE today. Volumes traded were seen higher at 2.48 lakh shares against the two-week average quantity of 2.36 lakh shares

Published on January 09, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.