Infosys shares tank 7% after earnings announcement
Shares of IT major Infosys on Friday slumped 7 per cent after its revenue growth forecast for FY27 came in lower than market expectations. The stock declined 7.09 per cent to settle at Rs 1,154.45 on the BSE.
During the day, it dropped 7.26 per cent to hit a 52-week low of Rs 1,152.35.
At the NSE, the stock tanked 6.93 per cent to Rs 1,154.60. The company’s market valuation declined by Rs 35,746.38 crore to Rs 4,68,201.44 crore.
