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Infosys shares extend fall post Q4; should you buy or sell?
The IT heavyweight has fallen 11% in two of three trading sessions post Q4 results, while it lost ₹62,477 crore in market valuation during the same period.
The IT heavyweight has fallen 11% in two of three trading sessions post Q4 results, while it lost ₹62,477 crore in market valuation during the same period.
The U.S.-listed shares of Infosys plunged to $15.40 on NYSE, registering their biggest one-day selloff since December 2020.
The IT major forecasts slower revenue growth of 4-7% for FY24; EBIT margin to grow at 20-22%.
Infosys shares currently trade below its average target of ₹1,720.36, a potential upside of 24% from the current market price
Shares of India's second-largest software services provider Infosys plunged 7% on Monday.