Nandan Nilekani bets on India for scaling AI, says IT service demand will continue to grow
Infosys is in focus.
· Business Today Mkts
Infosys co-founder Nandan Nilekani stresses that AI’s growth will boost jobs through business transformation, countering fears of widespread automation job losses.
The analysis
Against that, the stock is +3.7% on the day at ₹1,061.70, and has returned -4.7% over three months. It sits 37% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved -1.2% over the same period, so Infosys is running 3.5 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.
- The immediate tone of coverage reads negative.
In this story
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