Infosys Shares Rally Over 5% After Q3 Earnings Announcement
Infosys share price jumped more than 5% in early trading on Friday. This surge came right after the company released its third-quarter results for the fiscal year 2026. Investors showed strong interest, pushing the stock higher.
Steady Performance in a Cautious Market
Infosys reported a steady quarter despite facing a cautious demand environment. The company is India's second-largest IT services exporter. Strong deal activity supported its performance during this period.
Infosys also raised its revenue growth guidance. This move reflects the company's confidence in the demand environment going forward. Management believes the market conditions will improve.
Key Financial Figures from Q3 FY26
The IT giant's net profit fell 9.6% to ₹6,654 crore. This compares to ₹7,364 crore in the previous quarter. However, revenue showed a positive trend.
Revenue increased 2.2% to ₹45,479 crore from ₹44,490 crore quarter-on-quarter. In dollar terms, revenue rose 0.5% to $5,099 million from $5,076 million.
Constant currency revenue growth stood at 0.6% sequentially. Year-on-year growth reached 1.7%. These figures indicate resilience in challenging times.
Market Reaction and Trading Details
Infosys shares rallied as much as 5.20% to ₹1,682.25 apiece on the BSE. At 9:35 AM, the stock was trading higher at ₹1,680.00 per share. This represents a gain of ₹80.95 or 5.06%.
The sharp increase demonstrates investor optimism about Infosys's future prospects. Many market participants are now evaluating whether to buy the stock at current levels.
Should Investors Consider Buying Infosys Shares?
The raised revenue guidance suggests management expects better times ahead. However, the profit decline cannot be ignored. Potential investors must weigh both factors carefully.
Infosys remains a key player in India's IT sector. Its performance often influences broader market sentiment toward technology stocks. The current price movement indicates positive short-term momentum.
Long-term investors might find this an interesting entry point. Those seeking quick gains should exercise caution given market volatility. Always consult financial advisors before making investment decisions.
