INSUBCONTINENT EXCLUSIVE:
At 10:15 am, the shares of Infosys were trading lower by 3.1 per cent on the BSEInfosys shares are trading lower by over 3 per cent in a
weak market a day after revealing its Q4 numbers
The country's second biggest software application services business, on Wednesday, reported an annual increase of 17 percent in net earnings
at Rs 5,076 crore on the back of big agreement wins as the COVID-19 pandemic drove digitisation efforts in several sectors
At 10:15 am, the shares of Infosys were trading at Rs 1,353.25, lower by Rs 43.90 or 3.1 per cent, on the BSE.The Bengaluru-based business
had reported profit of Rs 4,335 crore during the same quarter last year.However, on a consecutive basis, the business's profit signed up a
decrease of 2.32 per cent.Meanwhile, Infosys' board of directors authorized a share buyback proposal of Rs 9,200 crore and a last dividend
of Rs 15 per share.The BSE Sensex was trading at 48,247.99, weaker by 295.95 points or 0.60 percent and the NSE Nifty was at 14,421.40, down
83.75 points or 0.57 percent at the time.
