Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Stocks

Infy: The Impact of Results on the Stock In The Past

Share:

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.

 

image

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:

image

(Note: Blue arrows are previous results)

What happens in results? The general direction is down: Will Infy Surprise?

Share:

Like our content? Join Capitalmind Premium.

  • Equity, fixed income, macro and personal finance research
  • Model equity and fixed-income portfolios
  • Exclusive apps, tutorials, and member community
Subscribe Now Or start with a free-trial