NSE:INFY   INFOSYS LTD INR5
Results were bad and guidance is dismal.

Technically, Infosys             is all set to test 200 WMA and may find support around 945 levels. There is good 10-12% immediate downside visible from here.

Fundamentally, Infosys             is trading at 15-16 1 yr forward-looking multiple. Given guidance of 10-11%, it is surely going to get re-rated along with the whole of IT sector.
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