Post results, JPMorgan maintains its overweight rating on the stock with a target price of Rs 3,900 while Deutsche Bank retains hold rating.
Infosys has reported a 7 percent growth in second quarter (July-September) profit at Rs Rs 3,096 crore quarter-on-quarter and dollar revenue grew 3.2 percent to USD 2,201 million.
Analysts feel Sikka‘s failure to articulate a clear strategy could disappoint as the stock has run up sharply leading up to the results. The stock gained 15 percent since June 12 but year-to-date it underperformed peers - it rose 5 percent while its rivals TCS, Tech Mahindra and HCL Technologies shot up 23-33 percent, and Wipro rose 7 percent.