Infosys shares crash 4% - Should investors buy, sell, hold this IT stock after Q2 results? Experts decode | Target price
Infosys share price opened at ₹1,119.05 against its previous close of ₹1,154.50 and declined 3.9% to an intraday low of ₹1,109.70.
Infosys shares crashed nearly 4% in morning trade on the BSE on Monday, 26 October, after the IT major reported its September quarter (Q2FY27) results. Infosys share price opened at ₹ 1,119.05 against its previous close of ₹ 1,154.50 and declined 3.9% to an intraday low of ₹ 1,109.70.
Infosys reported a net profit of ₹ 7,823 crore in Q2FY27, up 6.23% year--on-year. The company’s net revenue from operations stood at ₹ 49,244 crore in Q2FY27 against ₹ 44,490 crore reported in the year-ago period.
Revenue growth stood at 1.2% on a sequential basis (in constant currency terms), whereas 1.5% on an annual basis (in CC terms).
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