Infosys downgraded to hold as revenue growth slows and FY2027 guidance remains weak at 1.5%-3.5%.

Infosys Ltd. has been downgraded to a hold rating due to subdued revenue growth and weak FY2027 guidance of only 1.5%–3.5%. Near-term growth is pressured by client-specific challenges and a shift to offshore delivery, despite some positive signs in Financial Services and Europe. While large deals and AI demand support long-term prospects, the current backlog has yet to boost revenue growth significantly. The stock's valuation is reasonable, but without clear growth acceleration or margin improvement, no strong catalyst exists for a bullish re-rating.