Japanese brokerage firm Nomura has maintained its reduce call on the stock with a target price at Rs 235 per share as it expects growth to continue to lag peers.
Domestic brokerage firm Motilal Oswal Financial Services has a 'buy' recommendation on the stock, with a target price of Rs 2,265.
Credit Suisse has an 'underperform' call on Infosys with a target price of Rs 690 due to high valuations and an expectation of a weaker second half of FY20.
The company has declared an interim dividend of Rs 8 per equity share. The record date for dividend is October 23 and payment date is October 30, 2019.
Credit Suisse has trim revenue estimates by 1 percent and EPS estimates by 5-7 percent adding that the company has a high-quality franchise but is not immune to an uncertain environment.
With an increase of 5.7 percent, revenue from operations stood at Rs 38,977 crore in the September quarter of FY20 against Rs 36,864 crore in the same quarter of the previous year.
The latest decline is the first downward revision after a span of 30 months and the impact of this will be widespread as natural gas forms a key input ingredient across industries.