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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