Infosys Stock Falls Nearly 4% After Morgan Stanley Downgrade 📉⚠️
🔻 Key Highlights:
- Infosys shares dropped nearly 4% on March 12 after Morgan Stanley downgraded the stock.
- Rating cut from ‘Overweight’ to ‘Equal-weight’ due to slowing growth & valuation concerns.
- Target price slashed to ₹1,740 from ₹2,150, implying limited upside (10%) from the intraday low.
📉 Morgan Stanley’s Outlook on Indian IT Sector:
- Downside risks seen for revenue growth & valuation multiples in Indian IT services.
- US economic slowdown & trade policy uncertainties adding pressure.
- Nifty IT index down 14% YTD (2025), making it one of the worst-performing sectors.
- Weak rupee provides some support, but valuation multiples could decline further.
📊 Infosys Stock Performance:
- Intraday low: ₹1,578.35 (March 12).
- 52-week high: ₹2,006.80 (Dec 2024) – Stock is down over 21% from this level.
- 52-week low: ₹1,359.10 (June 2024) – Stock has gained 16% from this low.
💡 Mixed Analyst Views:
- While Morgan Stanley turned cautious, CLSA recently upgraded Infosys to ‘Accumulate’ with a target price of ₹1,978.
📢 Stay tuned for further market updates!
