Infosys500209Information technology services
Analyst recommends holding Infosys shares, citing weak IT sector growth outlook
By ScoutQuest · · 1 min read
- Buying price
- 1255 rupees
- Shares held
- 50 shares
- Tech Mahindra growth
- standard constant currency growth
- TCS growth
- 2 percent constant currency
- HCL Tech growth
- 2.5 percent constant currency
Heard on business television between 11:04:23 - 11:07:23 IST.
- Viewer Bhavesh asked about holding Infosys bought at 1255, 50 shares.
- Dev Mehta of IDBI Capital said hold, as IT sector is not yet turning around.
- Noted Tech Mahindra, Wipro, TCS and HCL Tech posted muted constant currency growth of 2-2.5%.
- Said rupee depreciation, not real growth, is driving profit benefits, which will fade once contracts are renegotiated.
- Expects PE multiples of 10-15 to persist and stocks to correct slightly.
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Source: Live TV News Channel · 16 Oct 2026
The call above is Dev Mehta, IDBI Capital's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.