Stocks

Infosys sheds 3% on BSE

R. Y. Narayanan Coimbatore | Updated on March 12, 2018

Even as the market is anticipating what Infosys’ Q2 numbers would be when the results are announced tomorrow, there was a sobering correction in the stock with Infosys shedding about 3 per cent around 1 pm on the BSE today.

The rub-off effect of this was evident in two other IT majors — TCS and Wipro — as well with both the stocks suffering value erosion, though marginally.

Infosys was the biggest Sensex loser in the afternoon, resulting in the morning gains of the Sensex being pared. The scrip lost about Rs 75 or 2.91 per cent to trade around Rs 2,515. The Sensex was hovering around 16,683, a gain of about 121 points.

Wipro shed Rs 2.55 to trade around Rs 346 and TCS was quoting at Rs 1,055, a loss of Rs 9.50. The other Sensex losers were ONGC, HLL and Sterlite.

Published on October 11, 2011

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

null
This article is closed for comments.
Please Email the Editor

You May Also Like