Market Watch

Thursday 13 March 2014

Stock News Today: India's Infosys Shares Slumps Down

Shares of Infosys are under tremendous selling pressure, dragging it 9 percent in early trade on Thursday. Investors are worried about the software company as executive chairman Narayana Murthy on Wednesday said he is not at all happy at the way Infosys has performed.
                     
Infosys, India's second largest software services exporter, in January raised revenue growth guidance for the 2013/14 financial year to between 11.5 and 12 percent from a previously forecast 9-10 percent, citing higher demand for its services.

Infosys shares were down 7.4 percent at 0351 GMT.

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