Indian shares slip as IT stocks drag after Infosys, Wipro results [Reuters]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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Source: Reuters
By Sethuraman N R 2 Min Read BENGALURU, Jan 14 (Reuters) - Indian shares edged lower on Thursday as investors booked profits in IT stocks after heavyweights Infosys and Wipro posted December-quarter results, while awaiting details on a major U.S. stimulus package due later in the day. The blue-chip NSE Nifty 50 index fell 0.2% to 14,543 and the benchmark S&P BSE Sensex was down 0.2% at 49,382.53 by 0506 GMT. The Nifty IT index, which gained 55% in 2020 and has risen 9.3% so far in January, was down 1.9% in morning trade to be a major laggard in the Nifty 50 index. Infosys Ltd shares, which rose over 6% this week in the run-up to the company’s results till Wednesday, were down 2.8%. India’s second-biggest software services firm by market value raised its annual revenue growth forecast after posting a rise in December quarter profit and revenue. Smaller rival Wipro also reported an increase in consolidated net profit. “Profit booking has come in the IT stocks after a stupendous run sin
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INFY
News
- Infosys Limited (NYSE: INFY) had its price target lowered by analysts at BMO Capital Markets from $21.00 to $18.00. They now have a "market perform" rating on the stock.MarketBeat
- Infosys (INFY) Q4 Earnings and Revenues Surpass Estimates [Yahoo! Finance]Yahoo! Finance
- Infosys Limited (NYSE:INFY) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Infosys Limited (NYSE: INFY) had its price target lowered by analysts at Susquehanna from $15.00 to $14.00. They now have a "negative" rating on the stock.MarketBeat
- Infosys Limited (NYSE: INFY) had its "hold" rating re-affirmed by analysts at HSBC Holdings plc. They now have a $20.10 price target on the stock.MarketBeat
INFY
Earnings
- 4/19/24 - Beat
INFY
Sec Filings
- 4/18/24 - Form 6-K
- 4/2/24 - Form 6-K
- 2/22/24 - Form 6-K
- INFY's page on the SEC website