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Infosys shares fall on worries about quality of earnings
short by System User / on Friday, 17 January, 2025
Shares of Infosys fell on Friday despite beating third-quarter result estimates, as analysts raised concerns about the quality of earnings. Infosys dragged the IT sector down by 2.6% on the day, with eight of the 10 constituents trading in the red. The stock was on track for its worst day in nearly one-and-a-half years.