Prabhudas Lilladher Recommends 'BUY' on Infosys, Sets Target at Rs 1900

• Infosys' Q3 revenue growth (+0.6% CC QoQ) surpassed estimates, driven by the NHS deal and increased discretionary spending.
• Large deal Total Contract Value (TCV) reached an encouraging USD 4.8 billion in Q3, a 60% QoQ increase.
• Management anticipates a positive outlook for FY27, with BFSI and ER&U sectors expected to contribute significantly.
• Growing client interest in AI integration and green shoots in discretionary spending are building a strong foundation for future revenue growth.
• Prabhudas Lilladher maintains a 'BUY' rating on Infosys with a target price of Rs 1900, based on FY28 EPS.

Why It Matters: Prabhudas Lilladher recommends buying Infosys, projecting a target price of Rs 1900 due to strong growth prospects.