Infosys Propels Stock Market Surge with Upgraded Revenue Guidance
Infosys shares surged nearly 6% after the company increased its revenue growth guidance for FY26. This positive news led to a major leap in market valuation. The IT sector outperformed due to revised projections and rising tech spending, with Infosys playing a key role.
- Country:
- India
Shares of IT giant Infosys experienced a significant uptick of nearly 6% on Friday following the company's announcement to raise its revenue growth forecast for fiscal year 2026.
The rise in stock prices culminated in Infosys achieving a market valuation boost of Rs 53,534.88 crore, settling at Rs 7,01,889.59 crore. This uptick comes after two days of stock market losses.
The company's revenue from operations rose by 8.9% to Rs 45,479 crore in the recent quarter. The IT sector, overall, saw a positive trend with Infosys leading the pack, reinforcing confidence in tech stocks following strong earnings results.
Advertisement
Google News