As we approach Infy Results, we see that markets have been relatively benign about the company in recent times. While the stock shot up over 5% in Jan (after Dec qtr results) it is comparatively little compared to earlier times, where a 5% move was a bit on the lower end of the spectrum.
Today, for the first time in a long time:
- Infy isn’t the first Big IT company to announce results: we have seen TCS results (30% Year on Year down on profits), HCL Tech (YoY profits up 3.6%), Wipro (YoY profits up 2%)
- Infy is releasing results mid-day instead of at 9 AM. So markets will not really move so much the previous day.
The stock is on a medium term downtrend, at a support level of the high it reached post results last time with a bit of a drop today already:
(Note: Blue arrows are previous results)
What happens in results? The general direction is down: Will Infy Surprise?
