Infosys shares dip over 2% post Annual General Meeting

MUMBAI: Shares of Infosys fell by over 2 per cent today, a day after the company's Annual General Meeting.

The blue-chip stock declined by 2.27 per cent to settle at Rs 1,001.15 on the BSE. During the day, it lost 2.46 per cent to Rs 999.10.

At the NSE, shares of Infosys went down by 2.29 per cent to Rs 1,000.40 at close.

"Infosys slipped 2.2 per cent post its Annual General Meeting after it did not give clear future guidance," said Hiren Dhakan, Associate Fund manager, Bonanza Portfolio Ltd.

Infosys shareholders yesterday made a strong pitch for the return of co-founder Narayana Murthy to the company , which the IT czar declined by calling it words of "affection".

Successive shareholders who spoke at the 34th AGM of Infosys suggested that he should be brought back to the company as his name is synonymous with Infosys.

This was Infosys' first AGM without any of its founders on the board or associated with the functioning of the company in any way.

Speaking on the outlook, Infosys CEO Vishal Sikka said, "we are excited about getting to our guidance that we have have given 10 to 12 per cent growth in constant currency, and so far so good...."

"Certain industries continue to be a challenge like telco and energy, and some parts of manufacturing, but there is an amazing amount of innovation that is to be brought to every industry...." he added.

Meanwhile, in the stock market, the BSE Sensex ended at 27,804.37, up 74.16 points.