Infosys slips 6% post Q3 results, drags down Nifty IT index
Infosys shares tumbled close to 6% on Friday as the company’s muted outlook after its third-quarter results prompted investors to cut their bets. “While Infosys reported decent numbers, the management expects a muted fourth quarter which led to the slide in the stock,” said Dharmesh Kant, head of research, Cholamandalam Securities. “Given that Infosys was…
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Infosys sell-off erodes Narayana Murthy’s family wealth by nearly Rs 1,900 crore
As Infosys shares nosedived by 5.8% on Friday to close at Rs 1,815.10 on the BSE, the Murthy family’s fortunes took a significant hit, eroding approximately Rs 1,900 crore from their combined net worth. The family, holding a total 4.02% stake in Infosys, saw the value of their holdings drop to Rs 30,292 crore following…
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infosys: Stock Radar: Infosys could hit fresh lifetime high of Rs 2,000; time to buy?
Synopsis Infosys stock, after a recent dip, shows signs of recovery, bouncing back from its August lows. Analysts suggest a potential upward trend, with a possible target of Rs 2,000, contingent on maintaining its position above the Rs 1,800 mark. IT major Infosys remained range-bound for the past few weeks but managed to bounce back…
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Nifty stock ideas: Top Nifty50 stocks analysts suggest buying in this volatile week
Synopsis Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score. The following list…
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Stock to Watch: Infosys shares in focus after company raises FY25 guidance
Shares of leading IT services company Infosys will be in focus after the company announced its second quarter results, where it posted a 5% growth in net profit and revenues. The Bengaluru-based tech major has also raised its guidance upwards to 3.75-4% for the current fiscal year. The company reported strong revenue growth up 3.1%…
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Nifty stocks to buy: Top Nifty50 stocks analysts suggest buying in this volatile week
Synopsis Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score. The following list…
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