Infosys Shares Soar 5% on Strong Q3 Results, Upbeat Brokerage Outlook

• Infosys shares jumped over 5% to Rs 1,682.1 after its Q3 FY26 results, despite a 2.2% YoY net profit decline due to a one-time charge.
• Investors focused on steady constant-currency revenue growth, resilient adjusted margins, and robust large-deal momentum, overlooking the profit miss.
• The IT major raised its FY26 revenue growth guidance to 3-3.5% in constant currency terms, citing improving demand visibility.
• Infosys secured large deal wins worth $4.8 billion in Q3, including two mega deals, bolstering medium-term revenue visibility.
• Brokerages like CLSA and HSBC reiterated 'Outperform' and 'Buy' ratings respectively, with increased target prices, driven by positive demand commentary and AI-led spending clarity.

Why It Matters: Infosys shares rallied on strong Q3 deal wins and raised guidance, despite a profit dip, signaling investor confidence.