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    Infosys share price: Infosys shares fall more than 8.5 pc on Nifty

    Synopsis

    Shares in Infosys Technologies fell more than 8 pc after the company reported lower-than-expected fourth quarter net profit.

    MUMBAI: Shares in Infosys Technologies fell more than 8 per cent on Friday after the Indian outsourcing firm reported lower-than-expected fourth quarter net profit, and dragged the broader market down.

    Infosys, India's second-largest software exporter, lagged market expectations despite a 13.7 percent rise in quarterly profit, hurt by higher expenses in a seasonally weak quarter.

    At 1.30p.m., Infosys shares were down 8.57 per cent on NSE, trading at Rs 3023.

    Infosys Technologies Ltd , India's No. 2 software services exporter, lagged market expectations despite a 13.7 percent rise in quarterly profit, hurt by higher expenses in a seasonally weak quarter.



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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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