Sell-off in Infosys shares wipes out Rs 48,000 crore in MCap after analysts lower margin estimates - Moneycontrol

The stock fell as much as 9%, its biggest fall since 23 March 2020 and touched a low of Rs 1592 a share. At 9.30am, the scrip was trading at Rs 1642 on BSE, down 7% from its previous close.

Shares of Infosys Ltd plunged over 9 percent on Monday, wiping out Rs 48,000 crore in market capital, after several analysts cut its margin estimates over its weaker-than-expected earnings for the Ma… [+4321 chars]

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