Infosys Downgraded by Four Analysts on Weaker Sales Outlook
Infosys Ltd., India's second-largest software exporter, was downgraded by at least four analysts in one day after lowering its annual sales forecast. Brokerages including Axis Capital, Arihant Capital Markets, and IIFL Capital Services cut their ratings, pushing the consensus rating to 3.7 out of 5, the lowest since January 2024. The forecast predicts revenue growth of 1% to 2% through March 2027, below analyst expectations, raising concerns about IT sector recovery amid AI disruptions.
Business Standard·




