The markets seem to be having mixed expectations from the IT firm Infosys as the company will post its Q4 results today.
The stock on its opening showed a gain of more than 6%. As the minutes passed, it corrected itself with a gain of 3% slipping from the 6% peak.
However, the company regained about a percent while approaching the second half of the trading hours.
The IT stocks pulled up the markets on Thursday with Infosys reaching its day's high, by gaining more than 3%.
All the IT stocks outperformed its previous quarter's gains in the NSE 50-share Nifty in the January-March period.
Currently, analysts are expecting the IT company to post decent quarterly earnings. The experts expect the firm to post a growth in dollar revenues accelerating to 9%- 9.5% year-on-year compared with 8% last quarter. The quarter is expected to look better on a year-on-year basis due to cross currency tailwinds.
The analysts pegged the company's financial 2018-2019 growth in constant currency between 6 and 8%. Anything lower than the above-mentioned numbers can disappoint the markets.
First Published: IST