Infosys: Many brokerages are bullish on Infosys, most of them have increased the target price for the stock, will you buy it

Buy or Sell Infosys :In today’s trading, Infosys shares are witnessing a tremendous rise. Today, the Infosys share strengthened by about 5 percent intraday to reach Rs 1844, while on Thursday it closed at Rs 1758. The company’s quarterly results have been better than expected, while the company has also increased the growth guidance. After better results and increase in growth guidance, most brokerage houses are bullish about the stock and have also increased the target price along with buying advice.

Infosys’ consolidated net profit grew by 7 percent to Rs 6368 crore, from Rs 5945 crore in the same period a year ago. For the current financial year, the company has increased its revenue growth guidance from 1-3 percent to 3-4 percent in constant currency terms.

Sanstar IPO: Should you bet on the stock at Rs 95? Take a decision after looking at the strengths and weaknesses of the company

What does the brokerage house have to say?

Brokerage house Motilal Oswal says Infosys’ FY25 revenue growth guidance upgrade is largely driven by a one-time Indian business spike and inorganic effects, but strong deal wins should improve its mid-term growth outlook. It has maintained its margin guidance, but there remains room for an increase in the mid-term, which we consider encouraging.

IPO: 5 blockbuster IPOs of the year 2024, got 100 to 270% return in a range of 6 months

The brokerage says that the guidance upgrade is largely driven by the acquisition of In-Tech and one-time revenue growth in its Indian business. At the same time, commentary on growth recovery in North America and Financial Services is also positive. Discretionary spending remains under pressure, but the cycle is changing and customers are considering reinvesting their savings from cost-cutting programs to reduce their technological debt. The brokerage expects Infosys to benefit the most from the rise in IT spending in the mid-term. The brokerage has valued the stock at 25x FY26E EPS. In this regard, it has advised investing in the stock with a target of 2000.

Asian Paints: The stock of Asian Paints, which enhances the colour of every home, can make the portfolio colorless, what is the reason

What is the view of global brokerage

• Brokerage house Bernstein has maintained Outperform rating on Infosys and increased the target price from Rs 1600 to Rs 2100.
• Brokerage house Citi has given Neutral rating to Infosys and has increased the target price from Rs 1550 to Rs 1850.
• Brokerage house Jefferies has given a Buy rating on Infosys and increased the target price from Rs 1630 to Rs 2040.
• Brokerage house Nomura has given Buy rating on Infosys and increased the target price from Rs 1800 to Rs 1950.

Brokerage gives model portfolio for investment, list includes 8 largecap and 6 midcap stocks

• Brokerage house Morgan Stanley has given Overweight rating to Infosys and increased the target price to Rs 2050.
• Brokerage house JP Morgan has given Overweight rating to Infosys and increased the target price to Rs 1950.
• Brokerage house GS has given Buy rating on Infosys and has increased the target price to Rs 1870.
• Brokerage house CLSA has given Buy rating on Infosys and has increased the target price to Rs 1747.