Infosys notched up volume of 13.16 lakh shares by 13:39 IST on BSE, a 20.2-fold surge over two-week average daily volume of 65,000 shares. The stock tumbled 19.85% at Rs 2,338.80.
Infosys' consolidated net profit as per International Financial Reporting Standards (IFRS) rose 1.1% to Rs 2394 crore on 0.3% growth in revenue to Rs 10454 crore in Q4 March 2013 over Q3 December 2012. Net profit rose 13.3% to Rs 9421 crore on 19.6% growth in revenue to Rs 40352 crore in the year ended March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012). The company announced the results before market hours today, 12 April 2013.
The company has forecast a tepid 6% to 10% growth in revenue in both rupee terms and dollar terms for the year ending 31 March 2014 (FY 2014). The revenue growth outlook is lower than industry body Nasscom's projection of 12% to 14% growth in IT exports in the current fiscal year. Infosys has not given full year earnings guidance this time. Infosys had earlier stopped offering quarterly guidance in July 2012.
Emami saw volume of 3.38 lakh shares, a 8.05-fold surge over two-week average daily volume of 42,000 shares. The stock rose 0.69% to Rs 592.50.
Kansai Nerolac Paints clocked volume of 1.12 lakh shares, a 4.8-fold surge over two-week average daily volume of 23,000 shares. The stock rose 1.6% to Rs 1,200.
Wockhardt saw volume of 90,000 shares, a 3.63-fold rise over two-week average daily volume of 25,000 shares. The stock tumbled 9.01% to Rs 1,769.90.
Standard Chartered PLC notched up volume of 6.55 lakh shares, a 2.15-fold surge over two-week average daily volume of 3.05 lakh shares. The stock was flat at Rs 118.50.
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