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India's Infosys shares rebound from steep falls on value buying

Source : REUTERS
Last Updated: Mon, Apr 15, 2013 10:10 hrs

MUMBAI, April 15 (Reuters) - Shares of India's Infosys Ltd gained as much as 2.6 percent on Monday, rebounding on value buying after its lower-than-expected yearly guidance last week had sent shares to a more than six-month low earlier in the session.

Infosys shares had slumped 21.3 percent on Friday after issuing fiscal 2013-14 dollar revenue guidance that disappointed investors.

Shares were up 2 percent as of 0933 GMT, rebounding after falling to its lowest since Oct. 5 2012 earlier on Monday. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)




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