Infosys Stock Concerns

Infosys sank to its 52- week low on Monday, raising concerns about not only the company’s performance but the sector as a whole.The stock hit a yearly low of Rs 2,164 on the BSE before pulling back to Rs 2,172.60, a loss of Rs 55.20, at the close. Infosys shares have corrected by almost 10 percent since July 12 after the company announced its first quarter numbers and cut its FY13 dollar revenue guidance growth to five percent from the earlier eight-10 percent

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