Infosys market cap declines by Rs 59,349 crore as poor Q4 results bite

CHENNAI: Infosys shares tanked by over 9% on Monday and Rs 59,349.66 crore was wiped out from its market valuation after Q4 results confirmed a lower-than-expected growth in the fourth quarter. The IT major had also given a less-than-encouraging 4-7 per cent revenue growth guidance for FY24.