Mark Mobius’ big bet, Infosys shares near 52-week high ahead of Q3 earnings

Infosys shares hit an intraday high of Rs 1,958.55, inching closer to its 52-week peak of Rs 2,006.45. The company is set to announce its Q3 results on January 16, 2025. Analysts and investors are eagerly awaiting the report, particularly after the company’s performance in Q2. In a recent report by Financial Express, Mark Mobius had indicated that export-oriented companies could benefit from the fall in the rupee. He singled out Infosys and explained that the tech giant, which exports a lot of software, is going to become more competitive because of the weakening rupee.