Infosys shares close lower amid insider trading case

Infosys net profit up 22% to Rs 5195 crore in June quarter

New Delhi: The stock dipped 0.55 per cent to close at Rs 1,379.75 on the BSE. During the day, it went lower by 1.81 per cent to Rs 1,362.20.

On the NSE, it declined 0.45 per cent to close at Rs 1,381.

In traded volume terms, 19.07 lakh shares were traded at the BSE and over 92.72 lakh units at the NSE during the day.

Sebi has barred eight entities, including two employees of Infosys, from the securities market for indulging in insider trading activities in the shares of the IT major.

In a statement on Tuesday, Infosys said it will initiate an internal investigation into the insider trading matter.

While imposing the ban till further orders on the eight entities, the watchdog also directed impounding illegal gains worth Rs 3.06 crore from two of them — Capital One Partners and Tesora Capital.

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