Infosys Shares Surge 5% on Strong Q3 Results, Brokerages Raise Target Price

• Infosys shares jumped over 5% to Rs 1682 in early trading after strong Q3 FY26 results.
• Brokerage firms CLSA and HSBC maintained 'Buy' ratings, raising target prices to Rs 1,779 and Rs 1,870 respectively.
• Despite a 2.2% decline in net profit due to a one-time 'labor code' expense, investor confidence remains high.
• Infosys revised its FY26 revenue guidance to 3-3.5% and secured $4.8 billion in large deals, including two mega deals.
• The company's ADRs in the US market surged 8%, setting a positive tone for domestic trading.

Why It Matters: Infosys shares are poised for a bull run, driven by strong Q3 results, revised guidance, and mega deals.