Infosys shoots up 5% on blockbuster revenue guidance for FY25; Is it a Buy now?

Shares of India‘s second-largest IT firm, Infosys, surged nearly 5% to reach a new 52-week high of Rs 1,843 in early trade on the BSE on Friday, July 19. This rise followed the company’s better-than-expected April-June quarter (Q1FY25) results reported the previous day.

Infosys’ share price opened at Rs 1,842.05, up from its previous close of Rs 1,759.15, and climbed 4.8% to hit the 52-week high of Rs 1,843. By around 9:20 am, the stock was trading 3.52% higher at Rs 1,821 per share.