Infosys shares tumbled close to 6% on Friday as the company's muted outlook after its third-quarter results prompted investors to cut their bets. While Infosys reported decent numbers, the management expects a muted fourth quarter which led to the slide in the stock, said Dharmesh Kant, head of research, Cholamandalam Securities.
Open Flip
Axis Bank's shares fell 4.4% to ₹992 after the lender posted weaker-than-expected earnings in its December quarter, driven by higher credit costs and loan book concerns. The Bank Nifty index also declined 1.5%, with most of its constituents falling, as investors remain cautious on Axis Bank's inconsistent quarterly numbers and growth prospects.
Open Flip
Expecting Bharat Electronics’ (BEL) market share to grow in the coming years, domestic brokerage firm Motilal Oswal has shared its optimistic view on the stock, maintaining a ‘buy’ rating on the same with a target price of Rs 360, indicating potential growth of 27.5%. The shares of BEL closed 2.2% higher at Rs 282.15 on the BSE today.
Open Flip
