Motilal Oswal Recommends BUY on Infosys: Stock to Surge 37% to ₹2,200

• Motilal Oswal has reiterated its 'BUY' rating on Infosys with a target price of ₹2,200, indicating a potential upside of 37%.
• Infosys reported Q3FY26 revenue of $5.1 billion, with 0.6% QoQ and 1.7% YoY growth (constant currency), exceeding brokerage estimates.
• Adjusted EBIT margin was 21.2%, and adjusted PAT grew 3.5% QoQ and 12% YoY to ₹76 billion, surpassing estimates.
• Management raised FY26 constant currency revenue growth guidance from 2-3% to 3-3.5%, and Q4FY26 top-end guidance is now flat.
• Large deal TCV in Q3 was $4.8 billion, a 55% QoQ increase, with net new TCV up 32% QoQ.

Why It Matters: Motilal Oswal maintains a 'BUY' rating on Infosys, projecting a 37% upside to ₹2,200 due to strong performance and outlook.