Infosys plunges 7% post Q2 earnings

India"s second biggest software exporter, Infosys dropped almost 7% on Friday after it has reported Q2 earnings.

The company reported consolidated net profit after tax of Rs 23.69 billion for the quarter ended Sept. 30, 2010; QoQ growth was 3.5%; YoY growth was 24.29%.

Its consolidated revenues were Rs 98.58 billion for the quarter ended Sept. 30, 2010; QoQ growth was 2.52%; YoY growth was 21.72%.Shares ofthe companyare trading at Rs 2,354.95, down Rs 176.5, or 6.97% at the Bombay Stock Exchange (BSE) on Friday at 9:35 a.m.The scrip has touched an intra-day high of Rs 2,390 and low of Rs 2,317. The total volume of shares traded at the BSE is 267,400.In the earlier session, the shares rose 1.09%, or Rs 27.2, at Rs 2,531.45. Currently, the stock is trading down 21.24% from its 52-week high of Rs 2,990 and above 12.05% over the 52-week low of Rs 2,101.65.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 2,527.90 3.55 0.14 1 Month 2,536.90 (5.45) (0.21) 3 Months 2,227.80 303.65 13.63 6 Months 2,403.30 128.15 5.33 1 Year 2,695.35 (163.90) (6.08) Note: Based on previous day closing price.