Infosys’ guidance of 4-7% constant currency has disappointed investors and may lead to a sell-off in other IT stocks. Dipan Mehta, Director, Elixir Equities, suggests staying away from the sector for now, although the time to sell may have passed due to the correction. Mehta advises investors to closely monitor figures such as deal flow and balance order book position, as these can provide earnings visibility. However, for the moment, the outlook for the sector is bleak, with no clarity on when recovery is likely to happen.
Did Goodluck India shares really crash 66% in just one day? Here’s how the bonus math works
Goodluck India shares appeared to plunge 66% after adjusting for the company’s 2:1 bonus issue, but the stock was down only around 4% on an
August 21, 2026