Morgan Stanley has maintained its ‘Overweight’ rating on Infosys, with a target price of Rs 2,150. The brokerage noted a slight revenue miss in Q2 FY25 and weak deal wins, which could result in a potential short-term correction in the stock. However, Morgan Stanley sees support at the five-year average free cash flow (FCF) multiple of 24x, which translates to a price level of Rs 1,780. The firm recommends building positions on any stock correction.
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