Infosys trims growth guidance as Q2 profit rises 6.2%

Infosys Q2 FY27 profit rose 6.2% to Rs 7,823 crore as growth guidance was cut. The stock faces resistance at Rs 1,195–1,200, with support at Rs 982. Infosys Limited [

] reported Q2 results on Friday, October 23, 2026, after the market closed, so Monday is the first session to react. The stock ended at Rs 1,153.80, below the Rs 1,195 neckline. Consolidated profit rose 6.2% to Rs 7,823 crore and revenue rose 10.7% to Rs 49,244 crore. Operating margin stayed at 21%. Dollar revenue grew 1.5% in constant currency to $5,145 million. Full-year revenue growth guidance was cut to 1% to 2% from 1.5% to 3%. The chart shows a double bottom near Rs 982 after a long decline. This reversal pattern forms when price tests the same low twice and holds. It is confirmed by a close above the neckline at Rs 1,195. On Friday, price touched Rs 1,197.80 but closed below the neckline, so the breakout is unconfirmed. The daily Relative Strength Index is at 63.83, showing improving momentum. What next: Rs 1,200 is the psychological resistance. A close above it may confirm the breakout, while a close below Rs 982 may break the pattern. Conclusion: The setup is improving, but the guidance cut limits confidence. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.