India’s second largest software exporter Infosys Technologies Ltd. has declared its Q1 result for FY12, the net profit stood at Rs.1,720 crore i.e down 5.4% as compared to Rs.1,818 crore in the previous quarter. The total revenues for the quarter ended June 2011 was Rs.7,485 crore. Also other income increased to Rs.443 crore from Rs.415 crore, however it was a marginal increase. EBIT margin for ... [Continue Reading]
Infosys Technologies Ltd. (INFOSYSTCH) Q4 Profit Surges 2% at Rs.1818cr
India's second largest IT services exporter Infosys Technologies Limited. has announced quarter fourth result as, net profit was reported to be at Rs.1,818 crore, a growth of just 2.15% over Rs.1,779.8 crore same in previous quarter (Q3). Revenues went up 2% to Rs.7,250 crore as against Rs.7,105.6 crore on Q on Q basis. However these numbers were below the market expectations Dalal street was ... [Continue Reading]
Intraday Stock For 15 April 2011: Sell INFOSYSTCH At 3035, Target 2965
Stock for intraday trading: Sell Infosys Technologies Limited (INFOSYSTCH) @ 3035 for target 2997 and 2965 place protective stop loss at 3063. As soon as the Q4 result was declared we have seen the panic selling in this stock. At CMP of 3035 it is already trading very negative by more than 8%, and is more likely to be bearish today, So it seems to attract more sellers in this counter. The open ... [Continue Reading]