Infosys Stock in Focus: Q3 Results, ADR Jump & Bullish Brokerage Targets

• Infosys shares are under scrutiny after Q3 FY26 results, an upward revenue guidance revision, and an 8% jump in US-listed ADRs.
• Despite a profit miss due to a one-time labor code charge, adjusted profitability remained resilient, with operating margin improving to 21.2%.
• The company reported strong large-deal momentum with $4.8 billion in TCV, including two mega deals, indicating improving demand visibility.
• Brokerages like CLSA and HSBC maintained 'Outperform'/'Buy' ratings, raising target prices to Rs 1,779 and Rs 1,870 respectively, citing improved demand and AI progress.
• Management commentary suggests early signs of recovery in discretionary spending and a more constructive outlook for FY27, driven by AI and modernization initiatives.

Why It Matters: Infosys shows strong deal momentum and positive outlook despite Q3 profit miss, leading to bullish brokerage targets.