Infosys caps dull second quarter for Indian IT
Infosys moved higher.
· LiveMint Companies
The management of Infosys pointed to the challenging macroeconomic environment, hinting at rising competition and increasing client demand to save costs using artificial intelligence.
The analysis
Against that, the stock is +0.0% on the day at ₹1,153.80, and has returned +9.6% over three months. It sits 32% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +4.6% over the same period, so Infosys is running 5.0 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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