Infosys stock climbed 4.14 percent to Rs 1,666.1 in the opening trade on Friday. The buying interest comes despite Infosys reporting a 2.2 percent year-on-year decline in consolidated net profit for the fiscal third quarter. Brokerages reiterated bullish views on the stock.
Infosys Q3 FY26 Results Review and Stock Outlook: Bullish brokerages point to improving demand visibility, strong deal momentum and a raised revenue growth outlook. Analysts say there are early signs of recovery in discretionary spending.
Infosys has partnered with Amazon Web Services to integrate its AI-first platform Infosys Topaz, with AWS’s generative AI-powered assistant Amazon Q Developer. Infosys stock outperformed the benchmark Nifty 50, which fell 0.1 percent today.
About 1,565 shares advanced, 1,721 declined and 116 remained unchanged on July 21.
About 1,384 shares advanced, 1,958 declined and 118 remained unchanged on July 18.
IT outsourcing company iGate Corp sacked Chief Executive Phaneesh Murthy after a company sexual harassment investigation revealed that he had not disclosed a relationship with a subordinate.
Infosys Ltd, India's No 2 IT services exporter, said on Friday it expects its dollar revenue in the current fiscal year that started April 1 to rise between 6 percent and 10 percent.
Infosys Ltd , India's second-biggest software services provider, expects operating margins for the financial year ending in March to be about 26 percent, Chief Financial Officer Rajiv Bansal said.
Overseas direct investment by Indian companies rose by 13.6 per cent over the previous month to USD 2.31 billion in November, data from the Reserve Bank showed.
Infosys Ltd , the company that symbolised India's rise as an outsourcing powerhouse but has struggled this year, will have to wait longer than expected for returns from a remodelled strategy.
Infosys Ltd , India's second-largest software services exporter, matched expectations with a 33 percent rise in its fiscal first-quarter profit, bolstered by a surge in demand for outsourcing services and a fall in the rupee.
The conservatism that served Infosys Ltd so well for three decades is now stunting its growth, prompting calls from investors for new blood at the top of India's showpiece outsourcer.
Infosys Ltd rose as much as 1.3% as investors took fresh long positions in the stock which has been battered since its guidance disappointed and led to a slew of downgrades.