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Infosys shares falls 5% on weak revenue guidance

Shares of Infosys Ltd on Monday fell as much as 4.6% to Rs 713.70, their steepest fall in six months since October 11, 2018, after many brokerages downgraded the stock on a disappointing revenue forecast. The company said revenue will increase 7.5%- 9.5% in constant currency terms for the year ending March 2020.  It forecast an operating margin of 21% to 23% for fiscal year 2020 estimates, from an earlier guidance of 22-24% for fiscal year 2019.

Read More at Livemint News date : 15 Apr 2019, Monday

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