NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Infosys Ltd. shares may remain in focus after brokerage firm Dolat Capital downgraded its rating on the IT services major to 'Accumulate' from 'Buy' and slashed its target price to Rs 1,200 from Rs 1,550 following a softer-than-expected June-quarter performance and a moderation in FY27 revenue growth guidance.
The brokerage noted that Infosys reported constant currency (CC) revenue growth of 1% QoQ in Q1 FY27, missing its estimate of 1.8%. The revenue miss was largely attributed to lower volumes, the termination of a client program in the Energy, Utilities and Resources (EURS) segment, and weaker contribution from a large manufacturing client in Europe.
Click on the attachment to read the full report:
ALSO READ: Infosys Bets On Rupee Tailwind, 'Project Maximus' To Shield Margins From Upcoming Salary Hikes
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
