Infosys hits 52-week high, rises 5% in three days; stock nears record high

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Infosys hits 52-week high, rises 5% in three days; stock nears record high - Business Standard

Quick Summary:

Infosys share price has rallied 5 per cent in the past three trading days.

Continued ramp-up of deal wins and improvement in discretionary spending are key upside risks while delay in decision-making is a key downside risk, said analysts at IndCred Equities.

Analysts at Centrum Broking, meanwhile, said the overall Q1FY25 performance was above expectation."There are near term challenges in the demand environment as discretionary spending by clients remains weak.