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[hfe_template id='11223'] [ad_1] Following a 12% year-on-year (YoY) decline in Infosys' March quarter consolidated net profit and lower-than-estimated revenue, brokerages have slashed their target prices while retaining a 'Buy' rating on the stock. Nuvama Institutional Equities and Emkay Global revised their targets downward amid topline miss and prevailing uncertainties. On Thursday, India's second-largest IT services company by market capitalisation reported a consolidated profit after tax (PAT) of Rs 7,033 crore in Q4FY25, compared to Rs 7,969 crore in the year-ago period. The tier-1 IT services company reported Q4FY25 revenue of Rs 40,925 crore, up 8% from Rs 37,923 crore in the corresponding quarter of the previous financial year. Commenting on Infosys' January–March quarter results, Nuvama said the company's revenue decreased by 3.5% in constant currency on a quarter-on-quarter (QoQ) basis (+4.8% YoY), significantly below its estimate of a 1...

[hfe_template id='11223'] [ad_1] While Nifty ended with week-on-week gains of 0.7%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 8,364 crore on screen, which included both buying and selling actions. In the largecap segment, 15 companies witnessed significant block deals on the screen worth Rs 5,077 crore, led by Interglobe Aviation (IndiGo) with 4 block counts totalling Rs 1,351 crore. The next in line were Infosys (Rs 786 crore), HDFC Bank (Rs 402 crore), Tata Consultancy Services (TCS, 398 crore), Reliance Industries (RIL, Rs 390 crore), TVS Motor Company (Rs 294 crore) and Cholamandalam Investment & Finance (Rs 255 crore). Others were, namely Trent, Britannia Industries, Mankind Pharma, HCL Technologies, ABB India, Hindustan Aeronautics (HAL), Asian Paints and UltraTech Cement with block deals between Rs 227 crore and Rs 106 crore. The data has been compiled by Nuvama ...