Infosys shares plummet 5% amid strong Q3 results

Shares of Infosys tumbled 5.15 per cent on the BSE at 10.42 AM on Friday despite the company has reported a robust third quarter with a significant jump in both profit and revenue..

The net profit of the company surged 11.46 per cent y-o-y to ₹6,806 crore while the revenue increased by 7.58 per cent y-o-y to ₹41,764 crore.

The company raised its full-year revenue growth guidance to 4.5-5 per cent in constant currency terms, reflecting the strong Q3 performance and increased deal wins.

The stock hit a 52- week high of ₹2,006.80 on December 13, 2024 and low ₹1,359.10 on June 4, 2024.

  • Also read: Stock Market Live Updates 17 January 2025: Sensex, Nifty weighed down by tech stocks; Reliance lifted by Q3 numbers

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