Infosys, Wipro ADRs jump up to 10% after Accenture Q4 results beat Wall Street estimates
Infosys moved higher in a quarterly results development.
· LiveMint Markets
Accenture's strong fiscal fourth-quarter performance boosted Infosys and Wipro ADRs significantly as they rebounded from losses. Infosys ADRs rose 8% and Wipro ADRs jumped 10%, suggesting improved market sentiment ahead of the upcoming earnings season.
The analysis
Infosys reported movement of 8% and 10%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.4% on the day at ₹996.20, and has returned -6.7% over three months. It sits 41% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +1.1% over the same period, so Infosys is running 7.8 points behind its peers.
For Infosys, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is INFY.
- Sector exposure: IT.
In this story
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