India's Infosys edges up ahead of quarterly results
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Shares of Infosys rose 0.3% to 1,603 rupees ahead of its quarterly report. Analysts expect Q3 revenue to reach 452.27 billion rupees, up from 417.64 billion last year. However, Infosys is not expected to upgrade its 2026 revenue forecast of 3% to 5%. Competitor TCS reported slightly better-than-expected revenue, while HCL Tech adjusted its growth forecast to 4%-4.5%. Seasonal furloughs may keep Infosys's revenue growth flat. The stock is rated "Buy" by 42 analysts, with a median price target of 1,750 rupees.
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