Infosys shares rebound on value buying

Shares of Infosys gained as much as 2.6 per cent 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 per cent on Friday after issuing fiscal 2013-14 dollar revenue guidance that disappointed investors.

Shares were up 2 per cent as of 3.11 p.m., rebounding after falling to their lowest since October 5, 2012 earlier on Monday.

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