Infosys, Wipro hit 52-week lows

In past one-week, Wipro slipped 8% after the company reported disappointing Q2F17 results and a sluggish IT revenue guidance for Q3FY17.

Shares of two information technology (IT) majors Infosys (Rs 994) and Wipro (Rs 454) hit their respective 52-week lows on BSE in intra-day trade on Friday.

At 11:22 am, Wipro was down 0.59% at Rs 460 and Infosys down 0.57% at Rs 1,000, as compared to 0.01% fall in the S&P BSE Sensex. Both these stocks have underperform the market post July-September (Q2FY17) results.

In past one-week, Wipro slipped 8% after the company reported disappointing Q2F17 results and a sluggish IT revenue guidance for the third quarter ending December 2016 (Q3FY17). The benchmark index was down 0.55% during