Political disturbance over the demand for a separate Telangana state is forcing information technology (IT) companies to shift. The process to shortlist office space in neighbouring states, like Tamil Nadu, is underway.
The stock surged further to a high of Rs 1,373 - up 7% from the day"s low. It finally ended up 3% at Rs 1,350. Around 41,101 shares were traded on the BSE today.
Friday will see companies like Axis Bank, HDFC Bank and TCS, announcing their results. NIIT Tech, IDBI Bank, Indusind Bank, UCO Bank and Balaji Telefilms will also report their numbers today.