(Bloomberg) Infosys Ltd. fell its most in about three months after a cut to its annual sales forecast spurred renewed concerns that companies will hold off on technology spending for longer than anticipated.Most Read from BloombergBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAISelloffs, Inequality, China Tension: Here Are the Next Big RisksNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stoc
SBI Funds Management, ICICI Prudential Fund, UTI Asset Management, and HDFC Asset Management were among the fund managers holding large positions in Infosys
In a note, ICICI Securities said earnings growth momentum for housing finance (HFC) and microfinance companies is likely to be better sequentially, helped by an upward repricing in asset portfolio after a 25 to 50 basis points hike in lending rates between March and April. One basis point is 0.01 percentage point.
In a note, ICICI Securities said earnings growth momentum for housing finance (HFC) and microfinance companies is likely to be better sequentially, helped by an upward repricing in asset portfolio after a 25 to 50 basis points hike in lending rates between March and April. One basis point is 0.01 percentage point.