Street View: Infosys' CEO appointment signals stability in uncertain growth environment
BUZZ-Street View: Infosys' CEO appointment signals stability in uncertain growth environment ** India's Infosys INFY.NS on Thursday named insider Ashiss Kumar Dash as next CEO and narrowed its fiscal 2027 revenue growth forecast to 1.5%-3% from 1.5%-3.5%
** At least 20 brokerages cut PT on INFY after forecast cuts, according to data compiled by LSEG
** INFY last down 1.7%
SMOOTH TRANSITION REMAINS KEY MONITORABLE
** Jefferies ("hold", PT 1020 rupees) says appointment of Dash may provide comfort on CEO transition amidst challenging growth outlook
** BOBCaps ("hold", PT 1132 rupees) says guidance cuts due to client-specific issues, weak macro environment, high competitive intensity, higher-than expected AI productivity; adds that Dash is "relative unknown" to the market
** HSBC ("hold", PT 1110 rupees) says guidance cut sharper than anticipated, suggesting INFY may underperform peers in fiscal 2027
** Nomura ("buy", PT 1290 rupees) says a smooth CEO transition remains key monitorable; notes AI-led deflation is being offset by net new business
(Reporting by Abhirami G and Saikeerthi in Bengaluru)
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