With the Indian stock market closed on Thursday due to the BMC elections in Mumbai, investors will be keeping a close eye on Infosys shares when trading resumes on Friday. We are saying this because several brokerage firms are bullish on the stock following the rise in Infosys' ADR.
Shares of the country's leading IT company, Infosys Limited, are expected to witness strong buying on Friday, January 16. This is due to an increase in the company's constant currency revenue growth guidance for FY26.
It has been increased to 3-3.5% from earlier 2-3%. This caused US-listed Infosys' ADRs to jump nearly 10% overnight. As a result, the brokerage firm has set a new target price for the stock.
Jefferies has given the country's leading IT company Infosys a buy rating with a target price of ₹1,880. This represents an increase of around 17% from the current level. Similarly, Nomura has given Infosys a Buy rating with a target price of ₹1,810.
Centrum has given a Buy rating with a target price of ₹2076, representing an upside of about 29%. MK recommends Buy with a target price of ₹1750. Currently, the share price of Infosys is at ₹1600. Its 52-week high is ₹1972. Its 52-week low is ₹1,307.10.
Infosys' profit fell 2.2 percent to ₹ 6,654 crore in the December quarter. The company had reported a profit of ₹ 6,806 crore in the same period last year. Operating income rose 8.89 percent to ₹45,479 crore in the quarter, from ₹41,764 crore in the third quarter of 2024-25 a year ago. Profit fell 9.6 percent compared to the second quarter of 2025-26, while revenue rose 2.2 percent.
