Meesho and Infosys saw market valuation dips due to growth concerns and guidance cuts, despite a bullish outlook on India's economy.
1 report, 1 independent
Updated Jul 24
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Meesho and Infosys saw market valuation dips due to growth concerns and guidance cuts, despite a bullish outlook on India's economy.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
-
Meesho
Indian Origin social commerce platform
Nothing else this week.
-
Infosys
Indian multinational technology company
-
Goldman Sachs
American investment bank
Related events
- Global market sentiment affected Indian indices, with IT sector gains driven by company earnings, involving Nasdaq, Info Edge, and Infosys.
- TCS and Infosys reported strong quarterly results amid an IT sector rally, while the Reserve Bank of India announced measures to ease currency pressure.
- Infosys faced selling pressure and finished as a loser, while Tata Steel and Bajaj Finance led Nifty's gains.
- Analysts and Kunal Bajaj commented on IT valuations, noting the stock correction is a de-rating story.
- Crude oil price decline, IT stock rally, and RBI measures supported the rupee on October 13, 2026.