Infosys (NSE: INFY) saw its stock price drop by 3.30% to ₹1,903.25 as of 9:15 AM, following the announcement of its Q2 FY25 results, which missed estimates. The stock opened at ₹1,893.80, hitting a high of ₹1,915.75 and a low of ₹1,889.00. The previous close was ₹1,968.10.
Despite posting a Q2 net profit of ₹6,506 crore and raising its guidance further, Infosys failed to meet market expectations, resulting in this decline. Brokerages had mixed reactions to the results. While Nomura reiterated a ‘Buy’ rating with a target price of ₹2,130, citing revenue growth, Morgan Stanley expressed concerns over weak deal wins and anticipated a potential short-term correction. Citi maintained a neutral stance, highlighting concerns around large deal total contract value (TCV) and headcount reduction.
The stock is under pressure as investors digest the earnings miss and await further clarity on the company’s growth outlook in the coming quarters.
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