Preview: India's Infosys rises, set to post higher Q1 profit
BUZZ-PREVIEW-India's Infosys rises, set to post higher Q1 profit ** Shares of Infosys INFY.NS down 0.3% at 1,048.60 rupees; co to report Q1 results later in the day
** Analysts expect Infosys to post a 13.2% rise in Q1 FY27 net profit to 78.32 billion rupees ($811.29 million)
** INFY expected to post 14.4% rise in quarterly revenue to 483.67 billion rupees
** Prefer INFY within the IT sector for its strong AI capabilities and robust partner ecosystem, positioning it to benefit from enterprise AI adoption --Systematix
** INFY to maintain revenue growth guidance for FY27 at 1.5-3.5% with EBIT margin guidance of 20-22%--Centrum
** INFY may prune down the top-end of guidance, though lower-end and even mid-range of guidance is still achievable--HSBC
** Co rated "Buy" on average by 26 analysts, median PT at 1,355 rupees - data compiled by LSEG
** YTD, stock down 35% vs IT index's .NIFTYIT ~25% drop
($1 = 96.5375 Indian rupees)
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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