Despite delivering a 13.2% YoY net profit rise for Q2 (₹7,364 crore) and beating estimates, Infosys shares slipped ~2% by session end. The revenue growth was ~9%, and stronger performance in financial services and manufacturing verticals supported the result. However, cautious guidance and margin concerns likely dampened investor enthusiasm. The stock’s underperformance contrasted with broader index strength, underlining selective buying and skepticism around IT names in the closing hour.
Despite delivering a 13.2% YoY net profit rise for Q2 (₹7,364 crore) and beating estimates, Infosys shares slipped ~2% by session end. The revenue growth was ~9%, and stronger performance in financial services and manufacturing verticals supported the result. However, cautious guidance and margin concerns likely dampened investor enthusiasm. The stock’s underperformance contrasted with broader index strength, underlining selective buying and skepticism around IT names in the closing hour.
Infosys posts strong Q2 but shares decline ~2% on cautious forward outlook.
Despite delivering a 13.2% YoY net profit rise for Q2 (₹7,364 crore) and beating estimates, Infosys shares slipped ~2% by session end. The revenue growth was ~9%, and stronger performance in financial services and manufacturing verticals supported the result. However, cautious guidance and margin concerns likely dampened investor enthusiasm. The stock’s underperformance contrasted with broader index strength, underlining selective buying and skepticism around IT names in the closing hour.
Despite delivering a 13.2% YoY net profit rise for Q2 (₹7,364 crore) and beating estimates, Infosys shares slipped ~2% by session end. The revenue growth was ~9%, and stronger performance in financial services and manufacturing verticals supported the result. However, cautious guidance and margin concerns likely dampened investor enthusiasm. The stock’s underperformance contrasted with broader index strength, underlining selective buying and skepticism around IT names in the closing hour.