MUMBAI : Shares of Infosys were down as much as 4% on Tuesday as uncertainty about its business indicated by lack of guidance by the company made investors cautious.
The IT major suspended both revenue growth and margin guidance for FY21 citing uncertain macro environment post covid-19. Infosys shares closed at Rs633.05, down 3.04% from its previous close, while the benchmark index, Sensex lost 3.20% and BSE IT index fell 3.53%.
Infosys consolidated net profit (after minority interest) fell 3.05% to Rs4,321 crore for the quarter ended 31 March against Rs4,457 crore for the quarter ended 31 December quarter.
In dollar terms, its revenue increased 4% year-on-year. Analysts at Motilal Oswal Financial Services have marginally cut Infosys FY21