0640 GMT - Infosys's FY 2026 earnings guidance, including operating-margin expectations of 20%-22%, seems lower than expected, HDFC Securities analysts say in a research report. This reflects increased uncertainty in the current economic environment and probably assumes a decline in third-party revenues, the analysts say. Among its businesses, retail is facing lower consumer spending and tighter budgets partly due to tariffs, while banking, financial services and insurance is seeing steady growth, the analysts note. However, the brokerage trims its FY 2026-2027 earnings estimates for Infosys by around 2%-3% to factor in increased macroeconomic uncertainty. It lowers the stock's target price to INR1,600.00 from INR1,730.00 with an unchanged add rating. Shares are 4.1% higher at INR1,480.50. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 23, 2025 02:40 ET (06:40 GMT)
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