Indian stock market tips
1. It is a great relief for the market that Indian share which is looked for its results i.e. Infosys has been able to provide stable results as the same is shown by its 1QFY10 numbers and a 5% drop in net profits on a QoQ basis while the topline has come in lower by almost 3%. As a net result of this performnce stock has shown an upward movement in the stock price.2. This is commendable performance as the same is in the times when adverse currency movements and billing pressures are being seen in the world and company has been able to expand its operating margins by 50 basis points on a QoQ basis.
3 If one have the analysis of its YoY basis, we will observe that sales were higher by 13%, bottomline growth has come in even more impressive at 17%. The company has also revised the revenue guidance for FY10 upwards, projecting a decline of around 4% as against the previous estimates of a decline of around 7% to 8%.
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