It’s time to sell Infosys’ stock because growth leadership has been lost: analyst

By Tomi Kilgore

April 17, 2023

Source: Market Watch

Photo / Image Source: Unsplash,
 
 It’s time to sell Infosys’ stock because growth leadership has been lost: analyst
 

It’s time to sell Infosys Ltd.’s stock after the India-based digital services and consulting company’s fourth-quarter results and guidance “missed sharply on every possible parameter,” said JPMorgan analyst Ankur Rudra.

 “Recent loss of business momentum on revenues and signings” at a time when the business environment is weak shows that Infosys has “lost the revenue growth leadership,” Rudra wrote in a note to clients.

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