Infosys stock best IT bet post Q1, say analysts; target price increased

Shares of Infosys zoomed 4.76 per cent, hitting its fresh 52-week high at Rs 1,843 per share on the BSE Sensex in Friday’s intraday deals.

Overnight as well, Infosys US-listed American depositary receipts (ADRs) ended 8.38 per cent higher at $22.50 on the NYSE, marking their largest single-day gain in four years.

This came after Infosys trumped street estimates in its financial performance for the first quarter of financial year 2024-25 (Q1FY25) while also giving higher growth guidance than expected for FY25.