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Infosys tumbles on weak Q4FY14 guidance

Infosys Ltd. | IT - Software | IT & ITES | BSE: 500209 | NSE: INFY

13 Mar 2014 Evaluate

Infosys is currently trading at Rs. 3414.90, down by 256.00 points or 6.97% from its previous closing of Rs. 3670.90 on the BSE.

The scrip opened at Rs. 3430.20 and has touched a high and low of Rs. 3449.00 and Rs. 3340.00 respectively. So far 279761 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 5 has touched a 52 week high of Rs. 3847.20 on 03-Mar-2014 and a 52 week low of Rs. 2190.00 on 29-Apr-2013.

Last one week high and low of the scrip stood at Rs. 3846.35 and Rs. 3340.00 respectively. The current market cap of the company is Rs. 197250.12 crore.

The promoters holding in the company stood at 15.94% while Institutions and Non-Institutions held 56.00% and 12.38% respectively.

Infosys, India’s second-largest information technology (IT) services company is expecting sluggish growth in January-March quarter mainly due to muted spending by clients, especially in the retail sector. The company cautioned that sales growth would be at the lower end of its 9-10 percent guidance as concerns linger over some of its clients’ spending on technology.

In the second quarter results, the company had revised this guidance upwards from 6-10 percent at the beginning of this fiscal, which had cheered the markets. Infosys’ clients in the retail and manufacturing sectors are facing spending pressure.

Meanwhile, Mauritius Post and Cooperative Bank (MPCB) has upgraded its core banking solution to Infosys’ Finacle 10. The new version of Finacle allows the bank to offer a wide array of lending products and other banking services to meet the diverse needs of its retail and corporate customers.

Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.

Infosys Share Price

1154.45 -88.15 (-7.09%)

24-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2397.30
Infosys	1154.45
HCL Tech.	1203.25
Wipro	199.40
Tech Mahindra	1360.05
View more..

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Infosys tumbles on weak Q4FY14 guidance

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