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Buy, sell or hold, what should investors do with Infosys after Q1 results?

Research house Citi has maintained buy and raised target to Rs 1,000 from Rs 825 per share.

July 16, 2020 / 02:37 PM IST

The share price of Infosys rose over 10 percent intraday on July 16, a day after the IT services company declared its June quarter numbers (Q1FY21).

It touched a 52-week high of Rs 939.70.

The company on July 15 reported a 2 percent decline in the June quarter profit at Rs 4,233 crore on strong operating performance. The company surprised the street by giving full-year constant currency revenue growth guidance.

Revenue from operations increased 1.7 percent sequentially to Rs 23,665 crore in the June quarter and dollar revenue fell 2.4 percent quarter-on-quarter to $3,121 million for the quarter.