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Stocks

Chart: Infosys On Result Days Moves Like Crazy

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Infosys will declare results tomorrow and usually, for the stock, it is one wild day. Look at the moves in the last few years:

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There is no correlation of a move the previous day to what happens on the day itself. So today’s 0.66% move may or may not have anything.

However the beginning of result season and the high hopes from the IT sector will be tested tomorrow. IT stocks are now heavyweights on the Nifty, and are expected to do really well in the wake of a fallen rupee and a recovering US. More to come tomorrow.