Infosys’ weak Q4 earnings have a price, brokerages slash targets by 9-13%
Following a 12% year-on-year (YoY) decline in Infosys’ March quarter consolidated net profit and lower-than-estimated revenue, brokerages have slashed their target prices while retaining a ‘Buy’ rating on the stock. Nuvama Institutional Equities and Emkay Global revised their targets downward amid topline miss and prevailing uncertainties. On Thursday, India’s second-largest IT services company by market…
READ MORE
Trump tariff tidal wave hits markets: Why India may dodge the trade bullet
Donald Trump’s tariff blitz has sent global markets into a tailspin, but India could emerge as an unlikely survivor. While China’s Hang Seng fell 1.5%, Japan’s Nikkei slid nearly 3%, and Nasdaq futures slumped over 3%, India’s Sensex and Nifty barely flinched—ended the day just about 0.4% weaker. The reason? India now faces a 27%…
READ MORE