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Infosys shares rebound from steep falls on value buying

by FP Staff  Apr 16, 2013 04:45 IST

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MUMBAI (Reuters) - Shares of India's Infosys Ltd(INFY.NS) 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 3.11 p.m., rebounding after falling to their lowest since October 5, 2012 earlier on Monday.

(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)