Infosys shares surged 1.8% after global brokerage firm CLSA upgraded the stock to ‘Outperform’ from ‘Hold,’ setting a target price of ₹1,978. As of 11:21 AM, the shares were trading 1.86% higher at Rs 1,717.40.
CLSA’s bullish stance comes amid resilient demand and a recovery in discretionary spending across key verticals and geographies. Despite the anticipated weak seasonality in Q4FY25 already being factored into the stock, on-ground demand remains robust. The brokerage also pointed out that recent tariff-related uncertainties might lead Infosys to provide a wider growth guidance for FY26, adding further optimism to its outlook.
A discussion with Infosys’ delivery head, Satish HC, reinforced CLSA’s confidence in the company’s execution capabilities. With cyclical and structural demand tailwinds in play, Infosys appears well-positioned for sustained growth. Additionally, the current valuation presents an attractive entry point for investors looking to capitalize on the company’s long-term potential.
Infosys shares opened at ₹1,686.00, reaching a high of ₹1,717.55 and a low of ₹1,676.20 during the session. The stock remains below its 52-week high of ₹2,006.45 but well above its 52-week low of ₹1,358.35.
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