Narayana Murthy, his wife Sudha N Murty, son Rohan Murty, daughter Akshata Murty and his grandson Ekagrah Rohan Murty together held 4.06 per cent stake in Infosys.
Choice said Infosys is sharpening its focus on six AI value pools, which position it well to gain market share across AI-led services and solutions.
Infosys target price: PL Capital suggested a target price of Rs 1,900 on the stock. Choice Broking reiterated a Buy rating with a revised target price of Rs 1,865
Nuvama said Infosys has now delivered two consecutive quarters of solid deal-wins and growth, which provide high growth visibility for coming quarters.
While The IT major's profit was hit by provisions for new Labour Codes, its deal wins at $4.8 billion was largely in line with Street estimates of $4.5-5 billion.
Infosys: The IT major's revenue from operations climbed 8.89 per cent to Rs 45,479 crore in Q3 FY26 compared to Rs 41,764 crore in the corresponding period last year.
MFs bought an additional 1.2 crore shares of IndiGo worth Rs 5,800 crore, Nuvama calculated. MFs held 8 crore IndiGo shares at the end of December against 6.8 crore shares at the end of November.
Infosys Q3 results: JM Financial sees net profit at Rs 7,577 crore in Q3, up 11.3 per cent YoY. Net revenue is seen rising 8.7 per cent YoY to Rs 45,385 crore.
HCL Tech share price: With valuations at 21 times FY27 PE, at slight premium to TCS and Infosys, Nuvama sees limited upside potential from current levels.
Infosys ADRs were trading 0.79 per cent lower at $17.69 in the pre-market. Wipro ADRs stood at $2.88, up 0.35 per cent on NYSE.
An analyst from Arihant Capital said that HCL Technologies has taken support at the 50-days SMA (Rs 1,613) on the daily charts and has given a positive close above it.
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