Infosys sees no material impact from US suspension of PERM applications
Infosys is in focus.
· BS Companies
The US government said on Thursday it was suspending some major global tech and IT firms, including Infosys, from the PERM green card…
The analysis
Against that, the stock is +2.6% on the day at ₹1,023.40, and has returned -2.6% over three months. It sits 39% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +1.9% over the same period, so Infosys is running 4.5 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.
In this story
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