On July 30, Infosys fell 3.1% in pre-market trading, trading at $12.3185/share, with turnover of $58,400. The decline came after the stock had rallied over 10% cumulatively in the prior two trading sessions, as the broader IT services sector pulled back collectively.
The retreat reflects continued market digestion of Infosys's Q1 fiscal results released on July 23. The company reported EPS of $0.20, missing the analyst consensus estimate of $0.21 by approximately 4.76%, while simultaneously lowering its FY2027 sales growth guidance. Jefferies subsequently cut its price target on the stock from INR 1,235 to INR 1,020, maintaining a Hold rating. Revenue came in at $5.082 billion, representing year-over-year growth but falling short of expectations.
Within the IT Consulting and Other Services sector, the broad decline was evident: Accenture down 3.83%, Gartner down 3.41%, Cognizant down 2.75%, EPAM Systems down 1.77%, and IBM down 1.57%.
Infosys provides AI-powered enterprise consulting and technology services enabling digital transformation. It is dual-listed on the Indian exchanges and the NYSE.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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