Infosys says 80,000 employees use AI coding tools. Why is it still hiring 20,000 graduates?
Infosys is in focus.
· LiveMint Companies
Infosys' chief executive and managing director Salil Parekh expects AI services to account for almost half of the company’s work within two to three years.
The analysis
Against that, the stock is +2.1% on the day at ₹1,111.10, and has returned +3.5% over three months. It sits 34% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +3.0% over the same period, so Infosys is running 0.5 points ahead of 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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