Infosys shares jump nearly 6%
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New Delhi: Shares of IT services major Infosys jumped nearly 6 per cent on Friday after the company raised its revenue growth guidance for FY26. The stock surged 5.65 per cent to settle at Rs 1,689.40 on the BSE. During the day, it rallied 5.87 per cent to Rs 1,693. At the NSE, the stock jumped 5.62 per cent to Rs 1,689.80. The stock was the biggest gainer among the BSE Sensex and NSE Nifty firms. Tracking the rally in the stock, the company’s market valuation surged Rs 53,534.88 crore to Rs 7,01,889.59 crore.
The IT sector outperformed, supported by an upward revision in revenue growth projections from a leading industry bellwether, coupled with expectations of increased technology spending,” Vinod Nair, Head of Research, Geojit Investments Ltd, said.
The Bengaluru-headquartered firm saw its revenue from operations grow 8.9 per cent to Rs 45,479 crore in the third quarter of the current fiscal year, from Rs 41,764 crore in the year-ago period. The company has raised its revenue growth guidance for FY26 to 3-3.5 per cent in constant currency, from 2-3 per cent earlier.
