Axis Capital has upgraded Infosys to an ‘Add’ from a previous ‘Reduce’ rating and revised its target price to ₹2,050, up from ₹1,790. The brokerage anticipates Infosys to regain its Tier 1 growth mantle by FY26, supported by a strong deal pipeline and operational improvements.
The target price revision includes raising the price-to-earnings (P/E) multiple to 26x from 23x, reflecting improved growth prospects. Axis Capital also highlights that Infosys has achieved margin stability, driven by large deal ramp-ups and execution-related gains from Project Maximus, which focuses on operational efficiency and delivery optimization.
The upgrade comes amidst broader optimism about Infosys’s ability to navigate challenges and sustain long-term growth. Investors are likely to keep an eye on Infosys as the company continues to solidify its market position and operational performance.
