Monday, April 17, 2023

Infosys shares tank 11% on weak Q4 earnings. Should you buy or sell?

Despite calling Infosys' January-March 2023 quarter results "shocking", Jefferies maintained a ‘Buy’ on the second-largest IT services company for a price target of Rs 1,770 based on 24X 12m forward EPS. Key risks include weaker revenue growth, lower margin, unfavourable currency, and corporate action, the brokerage said.

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