It is a fact that Indian market wants to be in a rosy slumber and wants to keep on seeing good health of the economy. It is not ready to accept any facts and figures and probably this is the reason that companies fudges the data.
Have a look at the Infosys guidance effect on the price of the stock:
Infosys has cut its sales outlook for this fiscal to 5 per cent, much lower than 8-10 per cent it had predicted at the end of the March quarter. On Thursday, the company declared its Q1 results. The company on Thursday reported a net profit of Rs 2,290 crore in the June quarter against the street expectation of Rs 2,483 crore. The result: It's shares fell nearly 9 per cent.
We can only say that we have to rise above the short term pictures and be realistic to prevailing economic scenario prevailing globally.
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