At 10:15 am, the shares of Infosys had been buying and selling decrease by 3.1 per cent on the BSE
Infosys shares are buying and selling decrease by over 3 per cent in a weak market a day after saying its Q4 numbers. The nation’s second largest software program companies firm, on Wednesday, reported an annual enhance of 17 per cent in web revenue at Rs 5,076 crore on the again of enormous contract wins because the COVID-19 pandemic drove digitisation efforts in a number of sectors. At 10:15 am, the shares of Infosys had been buying and selling at Rs 1,353.25, decrease by Rs 43.90 or 3.1 per cent, on the BSE.
The Bengaluru-based firm had reported revenue of Rs 4,335 crore throughout the identical quarter final yr.
However, on a sequential foundation, the corporate’s revenue registered a decline of two.32 per cent.
Meanwhile, Infosys’ board of administrators accepted a share buyback proposal of Rs 9,200 crore and a closing dividend of Rs 15 per share.
The BSE Sensex was buying and selling at 48,247.99, weaker by 295.95 factors or 0.60 per cent and the NSE Nifty was at 14,421.40, down 83.75 factors or 0.57 per cent on the time.
