Infosys share price falls 2.5% after guidance cut, new CEO announcement during Q1 results: buy, sell or hold?
Infosys Q1 Results: Shares of Infosys, India’s second-largest IT services company by market capitalisation, declined 2.5% to its day’s low of ₹1,023.30 per share on BSE, after the company reduced its guidance for FY27 and announced a new CEO in the June-quarter earnings.
On Thursday, the IT major reported a 12.3% year-on-year (YoY) increase in consolidated net profit to ₹7,769 crore for the April-June quarter of FY27, compared with ₹6,921 crore in the corresponding quarter last year.
