The Infosys stock is down 3.5% to 2,500 as we speak, and it’s a result day tomorrow. Result days are big for the INFY stock; the chart of the day shows the movement of the INFY stock the day before, and on the result day itself.
The last five quarters have seen huge negative moves on result announcements. Probably this has spooked investors already? But honestly the day before has little predictive value: of the last 17 quarters only 8 quarters have seen the earlier day move in same direction as the results day – and even there, magnitudes haven’t been enough for prediction.