On July 29, Infosys rose 5.04% in regular trading, trading at $12.29/share, with turnover of $304 million.
The rally was primarily driven by a broad-based rebound across the IT services sector. Within the IT Consulting & Other Services sector, IBM rose 5.55%, Accenture gained 7.07%, Cognizant Technology Solutions climbed 7.35%, EPAM Systems advanced 5.90%, and Gartner increased 6.70%.
Infosys had been under pressure after its Q1 fiscal report released on July 23, which showed EPS of $0.20 missing the consensus estimate of $0.21. The company also lowered its FY2027 sales growth guidance, prompting Jefferies to cut its price target from INR 1,235 to INR 1,020 while maintaining a Hold rating. Following that post-earnings dip, the stock has now recovered alongside sector-wide momentum over the past two sessions.
Infosys provides AI-powered enterprise consulting and technology services, facilitating digital transformation for organizations globally. The company is dual-listed in India and on the New York Stock Exchange.
(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.)
Comments