Indian IT Stocks Under Pressure: Infosys, Wipro ADRs Fall After US Suspends Major Firms From Immigration Programme
Infosys moved lower.
· NDTV Profit
The market reaction was not limited to Indian IT stocks. Intel and Marvell Technology shares were each down more than 4%, while the Nasdaq fell 0.47% to 27,409.78 at the time of reporting.
The analysis
Infosys reported movement of 4% and 0.47%. 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 +0.5% on the day at ₹997.00, 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.
Market context
- The company directly in focus is INFY.
- Sector exposure: IT.
- The immediate tone of coverage reads negative.
In this story
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