Infosys shares jumped over 2% following HSBC’s upgraded rating to “Buy” for the company, citing improved prospects for India’s IT services sector.
The brokerage forecasts sector growth to accelerate to 6% by FY26, up from 3-4% in FY24-25. This recovery is expected to be driven by demand in the US, especially in banking and retail, alongside broader adoption of generative AI (GenAI) in business applications. While Europe faces weak demand, US market recovery is set to fuel growth. However, business-focused GenAI projects are likely to gain momentum in 2025.
Infosys shares opened at ₹1,939.00 and reached a high of ₹1,965.60, with a low of ₹1,932.00 during the trading session. The stock is currently trading close to its 52-week high of ₹1,991.45, with a 52-week low of ₹1,358.35.
As of 10:05 am, Infosys shares were trading 1.93% higher at Rs 1,960.70 on the NSE.
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