Bangalore: Infosys Technologies stock was among top losers after its price went down nearly 10 percent. After opening the day at Rs. 3304.90, the stock touched its 52 week low of Rs. 2582, before closing the trade at Rs. 3306, with a loss of 9.59 percent. Through the day, 2206447 shares of Infosys Technologies were traded in the market with a PE ration of 27.93.
Infosys, which carries the maximum weight on the Sensex after RIL, dragged the broader market gauge down by 310.04 points to close at 19,386.82 points. IT major Infosys Technologies on Friday reported revenues of Rs.27,501 crore in 2010-11, an increase of 20.9 per cent over the previous year. The company made a net profit of Rs.6,823 crore during the year, 9.7 per cent higher than in 2009-10.
The company's earnings in the fourth quarter ending March 31, 2011, amounted to Rs.7,250 crore, 22 per cent higher than in the previous year. Post-tax profits amounted to Rs.1,818 crore, 13.6 per cent higher than in the same quarter in the previous year. Out of 42 analysts following the stock, 20 are recommending buying the stock. The consensus recommendation is outperform.
Infosys, which carries the maximum weight on the Sensex after RIL, dragged the broader market gauge down by 310.04 points to close at 19,386.82 points. IT major Infosys Technologies on Friday reported revenues of Rs.27,501 crore in 2010-11, an increase of 20.9 per cent over the previous year. The company made a net profit of Rs.6,823 crore during the year, 9.7 per cent higher than in 2009-10.
The company's earnings in the fourth quarter ending March 31, 2011, amounted to Rs.7,250 crore, 22 per cent higher than in the previous year. Post-tax profits amounted to Rs.1,818 crore, 13.6 per cent higher than in the same quarter in the previous year. Out of 42 analysts following the stock, 20 are recommending buying the stock. The consensus recommendation is outperform.
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