Shares of Infosys tumbled more than 15% on Monday, extending the last weeks decline. Shares of the Indian tech giant closed 9.40% lower at Rs 1,219apiece on April 17, 2023.The share price touched its 52-week low of Rs 1,219 per share. Total 16.98 lakh shares were traded on the BSE. The company has lost 11.65% in the last fivetrading days on the NSE and in past one month, the shares have plunged 10.31%. In the last six months of trade, Infy shares have tumbled 16.27% whilein the last one year, the company shares have come down by 22.35%.Countrys second-biggest IT firm, on Thursday (April 13, 2023), revealed it expects a revenue jump between 4%-7% for FY2024, much below the analystsanticipations of 10.7% growth.It should be noted that Infosys reported Rs 61.28 billion in net profit in January-March quarter. The figure missed analysts expectations of approximately Rs 66.24 billion.
