Infosys stock is up 10% post the Q1 results | Brokerage on Infosys

Infosys ticked all the boxes on financial fronts in June quarter earnings despite supply-side constraints, with strong deal wins and free cash flow (FCF) generation. Its shares advanced nearly 10 per cent to Rs 914.55 early trade when the BSE benchmark Sensex was up 0.26 per cent at 36,146. Infosys stock is up 10% post the Q1 results, As per the analyst, Q1 results were an all-around beat with most parameters looking strong.

Across the board, brokerages have increased EPS leading to a 5-7% target price increase. Management commentary around strong deal wins & Pipeline expansion also liked by the street. Infosys stock so far as outperform the rally on a YTD base with 15% gains vs other large players.


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