Infosys tanks over 10 pc on weak outlook; drags down Sensex

July 12, 2012 11:18

If you're an Infosys stockholder... Shares of the blue chip tumbled over 10 per cent after the company today lowered its revenue guidance in dollar terms for 2012-13, dragging down the BSE benchmark Sensex.

The IT bellwether scrip opened the day on a weak note following the guidance at its quarterly results announcement this morning and lost 10.14 per cent to touch a low of Rs 2,216.05 on the BSE. Later, it recovered some ground but was still down nearly 8.7 per cent. Similarly, on the NSE, the stock tanked 10.19 per cent to a low of Rs 2,219.

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