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Infosys Block Deal: On Wednesday, the third day of the week, a big block deal was seen in Infosys shares. 29.84 lakh shares were traded in this block deal. The total value of this big transaction was ₹470 crores.
This deal was done through the block deal window at a price of ₹ 1,574 per share. After this transaction, investors are keeping an eye on Infosys shares.
Shares fall
The IT market received negative cues from Morgan Stanley after the company downgraded Infosys stock on Tuesday, March 12, 2025.
The brokerage firm indicated its concern about the macroeconomic conditions of the IT sector given the changes in the technology industry. Morgan Stanley downgraded Infosys' rating to 'equal weight' while slashing its price target to ₹1,740, well below its previous estimate of ₹2,150.
Analysts pointed to lower valuation estimates as well as potential downward pressure on earnings growth outlook as the main reasons behind their decision.
