infosys q4 earnings

Infosys’ weak Q4 earnings have a price, brokerages slash targets by 9-13%

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Infosys’ weak Q4 earnings have a price, brokerages slash targets by 9-13%

Following a 12% year-on-year (YoY) decline in Infosys‘ March quarter consolidated net profit and lower-than-estimated revenue, brokerages have slashed their target prices while retaining a ‘Buy’ rating on the stock. Nuvama Institutional Equities and Emkay Global revised their targets downward amid topline miss and prevailing uncertainties. On Thursday, India’s second-largest IT services company by market … Read more

Infosys Share Price: Infosys shares tank 15%, hit 52-week low on weak Q4 earnings. Should you buy or sell?

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Infosys Share Price: Infosys shares tank 15%, hit 52-week low on weak Q4 earnings. Should you buy or sell?

Infosys shares on Monday hit a 52-week low of Rs 1,185.30 on the NSE as the shares of India’s second-largest IT company tanked 15% on below par Q4 earnings. The Bengaluru-based company missed Street estimates and reported an 8% year-on-year (YoY) growth in its net profit at Rs 6,128 crore, while revenue from operations jumped … Read more