Stocks in today: The Q4 earnings reports, primarily from the IT and banking sectors, will influence market trends this week. Infosys, HDFC Bank, Vedanta, Angel One among stocks to watch on April 17, 2023.
Infosys on Thursday delivered a surprisingly weak set of numbers for Q4 and missed Street estimates on multiple fronts. Analysts tracking Infosys have either downgraded or cut their price targets on the stock. Watch this Business Today Visual Story to see whether you should buy, hold or sell Infosys stock.
Infosys share price: Nomura India said guidance was weak for FY24 and that growth differential with TCS is set to narrow, as the foreign brokerage downgraded the stock to 'Neutral' and cut its target price to Rs 1,290.
Infosys Q4: At constant currency (CC), the company s revenue grew by 8.8 percent on-year during the fourth quarter, and by 15.4 percent during the entire fiscal year.
Shares of Infosys witnessed a selloff, as muted March quarter results and FY24 guidance led to a cut in analyst price targets, hurting investor sentiment.