HSBC analyst Yogesh Aggarwal lowered the firm’s price target on Infosys to INR 1,680 from INR 1,760 and keeps a Hold rating on the shares. The company provided a weak guidance of 1%-3% growth in fiscal 2025, led by weak Q4 and slow pick-up in discretionary spend, the analyst tells investors in a research note. The firm says the company’s growth still lacks traction.
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