Infosys, one of the country's largest information technology companies, released its financial report for the third quarter of the current fiscal year on Wednesday. The stock market remains closed on Thursday for municipal elections in various parts of Maharashtra. Therefore, experts have advised keeping an eye on this IT stock on Friday.
Infosys showed mixed operating performance between October and December 2025. Compared to the second quarter of the current fiscal year, Infosys's revenue increased in the third quarter, but net profit declined. Revenue increased by 2.2 percent to ₹45,479 crore. Net profit decreased by 9.6 percent to ₹7,364 crore. Additionally, the company's American Depositary Receipt (ADR) increased by more than 10 percent.
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Brokerages raise targets despite profit dip
Immediately after the financial report was released, multiple brokerage firms changed Infosys's stock target price. Brokerage firm Jefferies gave a 'buy' call on Infosys stock and set a target price of ₹1,880. This means the brokerage firm expects a 17 percent increase from the current share price.
Brokerage firm Nomura expects bullish sentiment to continue on Infosys stock. Along with a 'buy' rating, it has set a target price of ₹1,810 for this information technology company's stock.
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Brokerage firm MK has also advised investment in the company's stock. It has set a target price of ₹1,750. After Wednesday's trading session, Infosys's share price on the Bombay Stock Exchange was ₹1,599 per share.
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