Infosys shares rebound from steep falls on value buying


Infosys
Dated:April 15,2013














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Infosys shares rebound from steep falls on value buying
Infosys shares had slumped 21.3 per cent on Friday after issuing fiscal 2013-14 dollar revenue guidance that disappointed investors.

Nokia's push to expand sales of its Lumia smartphones in new markets such as China should help shrink an overall revenue decline and reduce its first-quarter loss, easing some of the pressure on CEO Stephen Elop.

In the Budget, Finance Minister P Chidambaram had said the government was targeting a growth of 6.1-6.7 per cent for the current fiscal.

 

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