Infosys slips to 52-week low on FY17 revenue guidance cut

Infosys slips to 52-week low on FY17 revenue guidance cut

14/10/2016 12:02

Shares of Infosys tumbled over 5 per cent, hitting 52-week low, on the Bombay Stock Exchange after the IT bellwether trimmed its revenue guidance to 8-9 per cent for FY17 from 10.5-12 per cent in constant currency terms.

Weighed down by the development, shares of company declined as much as 5.31 per cent and touched 52-week low in intra-day to trade at Rs 996.15 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company fell 1.03 per cent to Rs 1,041.50 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 27,679.11, up 36 points, or 0.13 per cent, at 12:05 hours.

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