Infosys Q2 Review — Inline; Axis Securities Maintains 'Buy' On The Stock On Steady Growth Ahead

Infosys' core efficiencies, investments, and deal momentum across regions will support the overall business over the next couple of quarters, adds the brokerage.

Infosys continues to sharpen its differentiation around AI-first transformation by delivering 2,500+ GenAI projects and 200+ Agentic AI use cases across clients.

  (Photo: Vivek Amare/ Source: NDTV Profit)

The revenue guidance for FY26 has been revised to 2%-3% growth in constant currency terms, up from the earlier guidance of 1%-3%. Additionally, Infosys aims to deliver sequential growth, factoring in all the seasonality and initiatives ahead amid ongoing uncertain times.

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Axis Securities Report

Infosys Ltd.'s sequential growth trajectory suggests a stable environment rather than an improving one. However, seasonal headwinds are expected to be reflected in H2 FY26 growth momentum rather than weakness in demand.

Management expects performance stability to be sustained going forward.

Therefore, considering its revised guidance, growth prospects, and attractive valuation. We recommend a Buy rating on the stock at 21x P/E multiple to its FY27E earnings to arrive at a target price of Rs 1,620/share, implying an upside of 10% from the current market price.

Click on the attachment to read the full report:

Axis Securities Infosys Q2FY26 Results Review.pdf
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Also Read: Infosys Q2 Review — Strong Deal Flow Underpins Guidance Upgrade, Says Dolat Capital Maintaining 'Add'

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