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Earnings

Infosys gains on Q3 earnings, clean chit on whistleblower complaint

Updated : January 13, 2020 03:51 PM IST

Infosys shares rose 3.5 percent on Monday after the IT behemoth reported a 23.7 percent year-on-year (YoY) jump in consolidated net profit at Rs 4,457 crore for Q3.
BofAML, Citi, HSBC, and Jefferies were 'buy' on Infosys stock, while UBS, Nomura, and Goldman Sachs had a 'neutral' rating.
Meanwhile, HSBC, Citi, Kotak, and Nomura also raised their target price for Infosys.
Infosys gains on Q3 earnings, clean chit on whistleblower complaint

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