‘Buy’ Infosys to best play IT sector revival, say analysts post strong Q3

The information technology (IT) sector’s revival is long overdue, but brokerages are now highlighting signs of recovery, particularly in discretionary spending for top IT companies, with Infosys being their best bet.

The company’s stock price, however, saw heavy profit-booking, dropping 5.89 per cent to Rs 1,812.70 per share on the BSE in Friday’s intraday trade. This follows a fall in the US-listed shares of the IT services giant that plunged 6 per cent overnight.