Infosys shares in focus as IT firm to share Q2 results, interim dividend on Oct 12

"The company will close the trading window for the earnings release of the quarter ending September 30, 2023, in compliance with Sebi (prohibition of insider trading) regulations, 2015, as amended. Accordingly, the trading window will be closed from September 16, 2023, and will re-open on October 16, 2023," as per the filing.

Infosys disappointed the Street after it announced the first-quarter results, slashing FY24 revenue guidance to 1.0-3.5 percent, even while maintaining operating margin guidance at 20-22 percent.

Of late, the IT giant has bagged a couple of big deals. In a filing to BSE on September 14, Infosys said that it has entered into a Memorandum of Understanding with a global company to provide enhanced digital experiences, along with modernisation and business operations services, leveraging Infosys platforms and AI solutions. The total client target spent over 15 years is estimated at $1.5 billion.

Shares of Infosys are up 13 percent since the disappointing yearly guidance on July 20, 2023. The stock settled 0.48 percent higher at Rs 1,505.55 apiece on NSE in Thursday's trade.

Infosys shares have been among the top performers on the Nifty 50 over the past month with gains of over 6 percent. The stock ranks among the top three contributors in the Nifty 50 moving from 19,000 to a record high of 20,100.

The stock has an average target price of Rs 1,449, implying a 4 percent potential downside from the current market levels, according to data from Trendlyne.

Earlier on Thursday, global brokerage Bernstein highlighted Infosys as its top pick within the large-cap IT basked along with TCS, saying that selective large-cap IT stocks are better placed for the financial year 2025, compared to their midcap peers.