By Admin 
Infosys shares: Shares of the country’s leading IT company Infosys are wreaking havoc in the market today. After the declaration of December quarter (Q3 FY26) results, there is a strong rise in the shares of Infosys Limited on Friday, January 16. Due to this, the benchmark index has also gained about 1 percent, due to which the trend of decline in recent times has suddenly stopped.
Price increased by more than 5 percent
In the stock market today, the price of Infosys shares increased by more than 5 percent in early trading. According to exchange data, Infosys shares were seen trading at around Rs 1,681.55, which is Rs 82.50 or 5.16 percent higher than its previous closing price of Rs 1,599.05. The stock first opened at Rs 1,670.30. Then after this it reached the intraday high level of Rs 1,683.45 and low level of Rs 1,654.55.
The 52-week high level of Infosys shares is Rs 1,967.75, while the 52-week low level is Rs 1,307.10. Today, due to this rise in the shares of Infosys, it also helped other IT stocks to rise, which included shares of companies like TCS, HCL, Wipro. Investor confidence increased due to better demand and strong valuations, so the entire IT index went up.
Reason for rise in shares
The rise in Infosys shares was mainly due to its excellent results for the December quarter and the company’s guidance upgrade. Infosys recorded revenue growth of 1.7 percent year-on-year and 0.6 percent quarter-on-quarter, which was better than market expectations. The company also increased its currency revenue growth guidance for FY26 to 3%-3.5% from the previous range of 2%-3%.
What is the brokerage’s advice?
Nomura maintained its ‘Buy’ rating on the stock with a target price of Rs 1,810. Meanwhile, Elara Capital also maintained its ‘Accumulate’ rating and increased the target price to Rs 1770. Similarly, MK Global has also maintained its ‘Buy’ rating with a target price of Rs 1750.
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