infosys share – Infosys down 3% today; should you buy this stock ahead of Q4 results on April 17?
IT stocks fell on Tuesday, led by Infosys Ltd, amid concerns over weakening IT demand ahead of Trump tariffs. The deterioration in the macro environment will weigh on March quarter results and FY26 guidance, IT analysts warned.
The key question that needs answer is whether the current uncertainty will defer or derail the recovery. At this stage, the JM Financial is leaning towards the ‘defer’ argument. “Until the clarity emerges, we advise sticking to players with valuation comfort (TCS/Infosys) and earnings visibility (TCS, Tech Mahindra). Mid-caps, with growth momentum and recent correction, offer healthy upside,” the brokerage said. JM has a Buy rating on Infosys and a target price of Rs 1,820.
