Infosys Q1 earnings beat street estimates: Should you buy, sell, or hold?
Updated : 2020-07-16 09:25:29
IT services company Infosys reported only a 2 percent decline in the June quarter profit at Rs 4,233 crore on strong operating performance. The company surprised the street by giving full-year constant currency revenue growth guidance. The company expects its constant currency revenue growth in the range of 0-2 percent and operating margin at 21-23 percent for FY21. Most brokerages are bullish on the stock. Nomura, CLSA and Citi have a 'buy' call on the stock. Here's what they said: