Street cheers Infosys' all-round strong show and guidance raise — analysts expect stock to soar up to 32%

SUMMARY

Infosys — India's second largest software exporter — reported a strong overall quarterly performance backed by a strong addition in large deals, robust margin expansion and easing attrition. Analysts from the likes of Macquarie, Credit Suisse and CLSA see upside potential to the tune of 20-32 percent in Infosys shares, at a time when IT remains one of the worst hit spaces on Dalal Street so far in 2022.