Mumbai/IBNS-CMEDIA: Shares of Infosys fell sharply on Friday, extending losses to around 6 percent after the company’s fourth-quarter results, according to media reports.
Stock extends losses after Q4 results
The stock had already declined about 5 percent in the previous session, reflecting weak sentiment following the earnings announcement.
Over the last two trading sessions, Infosys shares have dropped nearly 5.5 percent.
Nomura tweaks target price, remains positive
Brokerage firm Nomura revised its target price for Infosys marginally to Rs 1,640 from Rs 1,630.
Despite the near-term pressure, Nomura has retained a positive stance, picking Infosys among its preferred large-cap IT stocks, as reported by CNBC TV18.
FY26 revenue growth remains modest
- Infosys reported FY26 revenues of $20,158 million, registering a growth of 3.1 percent in constant currency terms.
- Reported IFRS operating margin stood at 20.3 percent
- Adjusted operating margin came in at 21.0 percent
- EPS growth was 11.0 percent in rupee terms
