Stock Market

Infosys stock stays flat ahead of Q3 data

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NEW DELHI: Shares of Infosys were little changed on Friday ahead of its December quarterly earnings.

Investors are sitting tight on stock as brokerages do not expect any upbeat show from Infosys in view of its focus on growth against profitability.

All eyes are on any revision in revenue growth guidance, a possible share buyback announcement and a likely upward estimate in margins in wake of a fall in rupee.

“Infosys is expected to report flat operating margin on a sequential basis owing to aggressive investments to enhance its digital capabilities and sharpen its focus on growth against profitability,” Sharekhan by BNP Paribas said in a report.

The brokerage expects operating profit margin (OPM) of company to slip 110 bps YoY while net profit is likely to grow 10.3 per cent YoY.

The stock was flat at Rs 679.75 around 10.05 am on BSE.




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Category: Stock Market


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