Infosys shares tumble 4.50 per cent post earnings announcement

Shares of Infosys Ltd slumped 4.50 per cent on Friday morning after the company’s second quarter earnings failed to cheer investors.

The stock tanked 4.50 per cent to Rs 1,880.80 on the BSE.

At the NSE, it dived 4.44 per cent to Rs 1,880.65.

The stock was the biggest laggard among the BSE Sensex and NSE Nifty firms.

The company’s market valuation eroded by Rs 31,327.94 crore to Rs 7,86,437.37 crore during the morning trade.