Infosys sees margins stable in March quarter, stock drops 7%
Earlier on Thursday, Infosys cut its full-year revenue outlook because of the debt crisis in Europe, sending its shares down by as much as 7.7 percent to their lowest in more than a month.
Infosys, India's second-largest software services exporter, reported a 33.3 percent rise in profit for the December quarter, but tempered its outlook because of the debt crisis in Europe, its second-biggest market.
At early trade, the main 30-share BSE index .BSESN was down 0.49 percent at 16,095.84 points with 7 its components trading in the red.
Infosys was down 6.25 percent at Rs 2,650.25.
The company, however, managed to beat street forecasts with a 33 percent rise in fiscal third-quarter profit as a weak rupee boosted margins.