Infosys chief operating officer (COO) UB Pravin Rao warned that the company would face volatility over the next few quarters, due to weaker spending from sectors such as energy and insurance.
Infosys fell 3.4% to Rs.1197 after the opening bell on Thursday. Infosys chief operating officer (COO) UB Pravin Rao warned that the company would face volatility over the next few quarters, due to weaker spending from sectors such as energy and insurance, according to reports.
UB Pravin Rao further said that the company was still on track to meet full-year constant currency revenue guidance of 11.5-13.5 per cent.
Rao told investors that Infosys does not expect a recovery in spending from energy sector before 2017, says report.
The scrip opened at Rs. 1228.9 and has touched a high and low of Rs. 1228.9 and Rs. 1192.5 respectively. The current market cap of the company is Rs. 284430.6 crore.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1278 on 03-Jun-2016 and a 52 week low of Rs. 932.5 on 10-Jul-2015. Last one week high and low of the scrip stood at Rs. 1278 and Rs. 1236 respectively.
The promoters holding in the company stood at 12.7 % while Institutions and Non-Institutions held 57.6 % and 29 % respectively.
The stock is currently trading below its 50 DMA.
Infosys fell 3.4% to Rs.1197 after the opening bell on Thursday. Infosys chief operating officer (COO) UB Pravin Rao warned that the company would face volatility over the next few quarters, due to weaker spending from sectors such as energy and insurance, according to reports.UB Pravin Rao further said that the company was still on track to meet full-year constant currency revenue guidance of 11.5-13.5 per cent.
Rao told investors that Infosys does not expect a recovery in spending from energy sector before 2017, says report.
The scrip opened at Rs. 1228.9 and has touched a high and low of Rs. 1228.9 and Rs. 1192.5 respectively. The current market cap of the company is Rs. 284430.6 crore.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1278 on 03-Jun-2016 and a 52 week low of Rs. 932.5 on 10-Jul-2015. Last one week high and low of the scrip stood at Rs. 1278 and Rs. 1236 respectively.
The promoters holding in the company stood at 12.7 % while Institutions and Non-Institutions held 57.6 % and 29 % respectively.
The stock is currently trading below its 50 DMA.
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