it stocks fall

Rub-off effect! IT stocks crash up to 10%; Infosys top loser

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Rub-off effect! IT stocks crash up to 10%; Infosys top loser

Infosys led Friday’s bloodbath on Dalal Street as the equity market fell like a pack of cards, breaking a four-session record-breaking spree. Infosys shares plunged nearly 10% to the day’s lows of 1,305 following its June quarter earnings on Thursday where it significantly cut its FY24 revenue growth guidance. The last major fall for Infosys … Read more

IT stocks facing a never-seen-before challenge: Neelkanth Mishra, Credit Suisse

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IT stocks facing a never-seen-before challenge: Neelkanth Mishra, Credit Suisse

Although known to be a resilient sector to invest in times of global macro uncertainty, IT stocks may continue to witness pressure this time. Neelkanth Mishra, India Equity Strategist, Credit Suisse, says he has gone underweight on IT services sector because he sees a never-seen-before challenge of revenues coming under pressure. “The challenge is that … Read more