Despite positive analyst outlooks after Infosys reported better-than-expected Q2 FY26 results, its share price dropped by up to 1.5% on Friday. In early trading on the NSE, shares fell to a low of ₹1,447.3, continuing the modest decline seen the previous day. Leading brokerages like Nomura, Jefferies, and HSBC maintain ‘buy’ ratings on the stock, with target prices between ₹1,700 and ₹1,730, highlighting consistent execution, strong margins, and a growing deal pipeline. Over the past year, Infosys shares have fallen about 25%, significantly underperforming the Nifty 50 index, which gained 3.4%. The brokerages’ targets suggest a potential upside of up to 17% from the previous day’s closing price.
For the quarter ended September, Infosys reported a consolidated net profit of ₹7,364 crore, marking a 13.2% year-on-year increase and beating expectations. Revenue rose 8.6% to ₹44,490 crore, with constant currency growth at 2.9% annually and 2.2% sequentially. Operating margins held steady at 21%, slightly below forecasts. Additionally, the company announced an interim dividend of ₹23 per share, up 9.5% from last year.
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