Infosys price targets soar post Q2 show: FY21 guidance seen as conservative

NEW DELHI: Infosys NSE 1.76 %’ Street-beating show for September quarter, record deal wins and an upgrade in full-year earnings guidance have nudged analysts increase their FY21 earnings forecast for the stock by 4-12 per cent.

The IT major reported better numbers than peers TCS NSE 0.77 % and Wipro NSE 0.82 % for the quarter, and also announced salary hikes for its employees from January onwards, which pushed the stock price up 3 per cent in early trade on Thursday.