Infosys stock price outlook: Nuvama said Infosys’s growth my pick up as discretionary spends revive in H2FY25 – till then the stock may remain sideways and underperform peers such as TCS.
Infosys Q3 results review: Adjusted for the McCamish cyber security incident, Q3FY24 was better than what was widely feared by the Street, especially on the margin front.
"Given the strong 2Q and robust deal bookings, the guidance cut is a disappointment and indicates a weak 2H," said Jefferies analysts Akshat Agarwal and Ankur Pant in a note to clients.
Infosys: If an overnight 7 per cent fall in Infosys American depositary receipt (ADR) is any hint, Infosys shares are likely to see a steep fall as the market opens on Friday. This could be a similar fall that the stock witnessed post Q1 results.
Infosys share price: Support on the counter could be seen around Rs 1,300. Two of the analysts suggested to accumulate it at current levels. Investors can buy this stock with a stop loss placed at Rs 1,250 for targets of up to Rs 1,450, one of them said. On the flipside, one more analyst said that a daily close below Rs 1,305 could lead to Rs 1,240 in the near term.