Infosys Stock Jumps on Strong Price Gains But Fundamentals Still Lagging
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Infosys stock has jumped recently, with its Relative Strength (RS) Rating improving from 78 to 81, reflecting strong price movement. However, its fundamentals need improvement.
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Infosys shares have risen about 20% from mid-October to Tuesday afternoon. The stock boasts a 90 Composite Rating, showing overall strength.
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The upgraded 81 RS Rating puts Infosys in the top 19% of stocks for performance over the past year. Stocks with RS Ratings of 80+ tend to have biggest price moves.
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Infosys cited a recent contract win with Pfizer to develop an AI platform. The stock rose 11.6% over the January 3-12 period.
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Infosys' revenue growth and EPS have been mild or decreasing over the past year. Its 72 EPS Rating trails some industry peers like Globant and ePlus.