Stocks that made news today: Infosys, Crompton Greaves and others

The BSE Sensex and NSE Nifty fell more than 1 per cent on Friday to their lowest close in nearly three-and-a-half months, dragged down by a 6 per cent slump in Infosys after the software services exporter's fourth earnings fell short of expectations.

The 30-share barometer of Bombay Stock Exchange closed at 27,437.94, down by 297.08 points or 1.07 per cent. On similar lines, National Stock Exchange (NSE) Nifty plunged by 93.05 points or 1.11 per cent and closed at 8,305.25.

Key stocks that made news today were:

Infosys

The Bengaluru-based IT services company announced its fourth quarter results today. The company's net profit rose 3.5 per cent to Rs 3,097 crore in the January-March quarter, lagging analysts estimates. Reacting to this, shares of the company closed at Rs 1996.25 apiece, down by 5.95 per cent. The scrip was the biggest loser on BSE today.

Mahindra & Mahindra Finance

Mahindra & Mahindra Financial Services (Mahindra Finance) on Thursday reported a 9 per cent rise in net profit at Rs 367 crore in the last quarter of 2014-15. Today, the shares of the company closed at Rs 278.50 per share, down by 2.55 points or 0.91 per cent.

Crompton Greaves

Crompton Greaves, a part of the Avantha Group, on Friday said it will sell its consumer electrical business to a consortium led by Advent and Temasek Holdings for Rs 2,000 crore. Reacting to this move, shares of the company closed at Rs 164.20 apiece, down by 2.55 per cent on Friday.

DLF

Shares of realty major DLF fell over 5 per cent on Friday and closed at Rs 131.25 per share after media reports said that the Supreme Court has refused to stay the Securities Appellate Tribunal (SAT) order in DLF IPO disclosure breach case.