Infosys ADRs fall over 7%, Wipro falls 5% as technical turbulence increases on Wall Street

Infosys’ American Depositary Receipts (ADRs) fell more than 7% on Thursday, hitting an intraday low of $14.59 in early trade, while Wipro’s ADRs fell 5.4% to $2.26. The sharp decline follows a steep sell-off in IT stocks on Indian stock markets, with the weakness spilling over to Wall Street.The broader U.S. tech drag added pressure […]

Infosys stock could rise up to 10% tomorrow if ADR is an indicator. The target prices will go up to Rs 2,076

Infosys Ltd, one of India’s leading information technology companies, was set for strong buying on Friday, January 16, after several brokerage firms raised their target prices following a positive surprise from the company. Infosys raised its constant currency revenue growth expectations for FY26 from the previous range of 2-3% to 3-3.5%, signaling a clearer improvement […]

Infosys Q3 results: PAT declines 2% YoY to Rs 6,654 crore; co increases revenue expectations for fiscal year 26

India’s second-largest IT services company on Wednesday reported a 2% year-on-year (year-on-year) decline in its consolidated net profit at Rs 6,654 crore in the third quarter, compared to Rs 6,806 crore in the previous year’s quarter. Revenue from operations during the same period rose 9% year-on-year to Rs 45,479 crore.The company has revised up its […]

Infosys shares are in focus as record Rs 18,000 cr buyback date approaches. What should investors do?

Shares of IT giant Infosys are likely to remain in the spotlight today as the record date for the much-awaited Rs 18,000 crore share buyback falls tomorrow, November 14. Investor attention has surged following the announcement, with multiple brokerage firms and research heads offering strategic advice ahead of the deadline.The record date for a repurchase […]