Infosys shares surge most in four months on strong Q1 earnings

Shares of Infosys Ltd soared to the highest levels in nearly four months on Thursday after posting a stronger-than-expected rise in quarterly profit buoyed by large deal wins despite the covid-19 pandemic. Investor confidence was also lifted after several brokerages raised their target price for the stock.

Infosys closed 9.6% higher to ₹910.90 on the BSE, the biggest gain since 24 March. The benchmark Sensex rose 1.2% to 36,471.68 points.

Infosys helped the BSE IT Index settle at an all-time high of 17,194.49, up 4.14%.