NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.HDFC Securities Institutional EquitiesWe expect Infosys Ltd. to outperform its peers in Q2 FY25E growth, with an upside risk to its 3-4% FY25E guidance (our estimates are slightly above the upper range). Positive markers include improved demand in segments of banking, financial services and insurance, market-share gains in deals (notably within the communications vertical), deal pipeline replenishment, and better hiring trends. The enterprise revenue growth trajectory shows a mild improvement, which may bolster recovery in discretionary spending. Even if quarterly new large deal bookings moderate to under $2 billion, we anticipate growth acceleration driven by the increasing contribution from sub-$ 50 million deals. Our revenue growth estimates for FY24-27E assume a similar incremental annual growth rate as the last five years' average. The recent re-rating of valuation multiples has ‘partially' priced in these positives. We maintain our Add rating on Infosys with a target price of Rs 2,010, based on 25 times Dec26E earnings per share.Click on the attachment to read the full report: Prestige Estates - Well-Placed For Strong Future Growth, Financial Stability Across Sectors: HDFC SecuritiesDISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.Users have no license to copy, modify, or distribute the content without permission of the Original Owner.