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24 April, 2024 20:49 IST
Infosys falls after weak Q4 results
Source: IRIS | 13 Apr, 2017, 12.36PM
Rating: NAN / 5 stars.
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Infosys, India's second largest software exporter, witnessed a fall in share price on Thursday after the company has announced a marginal rise in consolidated net profit for the quarter ended March 2017. During the quarter, the profit of the company rose 0.17% to Rs 36,030 million from Rs 35,970 million in the same quarter last year. On sequential basis, the company registered fall of 2.8% in the net profit.

Revenues for the quarter rose marginally 3.44% to Rs 171,200 million, compared with Rs 165,500 million for the prior year period. On sequential basis, the company showed a fall of 0.9% in the revenues.

Shares of Infosys are trading at Rs 947.40, down Rs 21.4, or 2.21% at the Bombay Stock Exchange (BSE) on Thursday at 12:22 p.m.

The scrip has touched an intra-day high of Rs 990.95 and low of Rs 941.40. The total volume of shares traded at the BSE is 687,145.

Total volume of shares traded on the bourses today was lower by 80.60% to 687,145 compared with 22-day average volume of 3,541,585.

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