Infosys vs Wipro vs TCS: Shares of TCS are down 21.32 per cent in a year. Infosys has lost 15.87 per cent and stock of Wipro has plunged 38.59 per cent during the period.
Infosys Shares: Shares of Infosys tanked 9 per cent in early trade on Monday, wiping out Rs 47,907.7 crore from its market valuation, after the company's March quarter earnings came in below expectations.
The Bengaluru-based company reported a 12 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 5,686 crore for the quarter ended 31 March, 2022. The company had reported a net profit of Rs 5,076 crore in the year-ago period.
Analysts retained their bullish view on IT majors Tata Consultancy Services (TCS), Infosys and Wipro post their financial results for the quarter ended December 2021.