Infosys Q3: Higher growth guidance drives IT stocks

Analysts expect stronger growth recovery for sector in FY27

- DEEPAK KORGAONKAR

Shares of information technology (IT) companies were in demand on Friday, with the National Stock Exchange's (NSE's) Nifty IT index rallying 3.3 percent on . This came after Infosys reported steady sequential growth, driven by health care boost and large deal rampup in a seasonally weak quarter (Q3FY26).

Share price of Infosys surged 5.6 percent to ₹1,689 on the NSE as the company revised its revenue growth guidance upwards while maintaining its operating profit margin band.

The top gainer in the Nifty IT index was Oracle Financial Services (₹7,899) which rallied 5.7 per cent, followed by Tech Mahindra, up 5.16 per cent, LTIMindtree (₹6,308) which rose 4.6 per cent and Mphasis (₹2,886.80) that gained 3.5 per cent.

Wipro, Coforge, Tata Consultancy Services (TCS), Persistent Systems and HCLTech — a part of the IT index — gained in the range of 2-3 percent. Nifty IT index was the top gainer among sectoral indices.