Infosys shares crash 4% - Should investors buy, sell, hold this IT stock after Q2 results? Experts decode | Target price
New Delhi, Oct. 26 -- Infosys shares crashed nearly 4% in morning trade on the BSE on Monday, 26 October, after the IT major reported its September quarter (Q2FY27) results. Infosys share price opened at Rs.1,119.05 against its previous close of Rs.1,154.50 and declined 3.9% to an intraday low of Rs.1,109.70.
Infosys reported a net profit of Rs.7,823 crore in Q2FY27, up 6.23% year--on-year. The company's net revenue from operations stood at Rs.49,244 crore in Q2FY27 against Rs.44,490 crore reported in the year-ago period.
Revenue growth stood at 1.2% on a sequential basis (in constant currency terms), whereas 1.5% on an annual basis (in CC terms).
(This is a developing story. Please check back for fresh updates.)
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