Indian IT giant Infosys has come up with its Q2 results, with a net profit rise of 3.5 percent on QoQ basis. However the EPS guidance has been cut from Rs.166 per share to Rs.160.
Appreciating rupee has made the company to cut its dollar revenue guidance to 5.7% versus 6% for FY13.
Markets have not received the Infy results too well. The stock has tumbled over 7.5% and is trading at 2339.
Bajaj Hindusthan and Balrampur Chini were up 1 percent ahead of report from Rangarajan committee on sugar decontrol today.