“Bullish on Infosys with a 'buy' rating and a target price of ₹1,290 per share, implying a 12.7% upside from its previous close. This positive outlook is driven by the CFO's commentary on AI services, which are expected to create meaningful demand in the medium to long-term, potentially reaching $300-$400 billion by 2030, and the increasing relevance of system integrators like Infosys due to rising tech complexity.”

Nomura Analysis’s track record: 3 graded calls · 95% CI 6–79%