InvestorQ : Why is Infosys stock being hammered in the stock markets?
Dhwani Mehta made post

Why is Infosys stock being hammered in the stock markets?

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Dilmini Mercia answered.
7 days ago
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Infosys has surely become the target of bears. Infosys touched a 10-month low of Rs1,511 and has already fallen 14% in last 1 month since Q4FY22 results. Infosys saw EBIT margins contract by 190 bps to 21.6%. Also revenue guidance was 100 bps lower than the previous quarter, which disappointed markets. Attrition at Infosys is at a high of 26% putting a lot of indirect pressure on the costs and operations of Infosys. Dollar strength is helping.

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