Reuters Market Eye - J.P.Morgan raises its target price on Infosys Ltd (INFY.NS) to 3,200 rupees from 3,100 rupees while maintaining its "buy" rating.
The brokerage says Infosys "is likely turning the corner", given the Indian software services exporter is proving more flexible in winning deals, embracing "a more realistic" margin profile and trying to re-engage with employees.
These developments are coming on the back of an improving demand environment for the sector, the investment bank adds.
Infosys ended up 2.8 percent at 2,917.00 rupees.
(Reporting by Manoj Dharra)
Trending On Reuters
On paper, India's households have more reason than ever to save. But convincing them that the central bank can keep inflation low is proving difficult, hindering the country's ambitious growth plans. Full Article