Infosys stock stays flat ahead of Q3 data

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of Infosys were little changed on Friday ahead of its December quarterly earnings
Investors are sitting tight on stock as brokerages do not expect any upbeat show from Infosys in view of its focus on growth against
profitability
All eyes are on any revision in revenue growth guidance, a possible share buyback announcement and a likely upward estimate in margins in
wake of a fall in rupee
The brokerage expects operating profit margin (OPM) of company to slip 110 bps YoY while net profit is likely to grow 10.3 per cent YoY
The stock was flat at Rs 679.75 around 10.05 am on BSE.