Infosys Shares Crash 4%: Should Investors Buy, Sell or Hold After Q2 Results? Brokerage Views and Infosys Share Price Target
- October 26, 2026
- Posted by: Harsh Piplani
- Category: News
Infosys share price target views range from Rs 902 to Rs 1,425 after the IT major cut its FY27 revenue guidance to 1% to 2% on Monday, 26 Oct 2026. The stock opened at Rs 1,115, fell about 4% to a low of Rs 1,107 on NSE and recovered to Rs 1,143 around 11:08 AM, still 0.94% below Friday’s close of Rs 1,153.80. Brokerages are split, with Buy calls from Nomura, UBS, Motilal Oswal and Emkay, Hold calls from CLSA and Antique, and a Sell from Nirmal Bang.
Quick Answer
Infosys share price target calls are split after Q2 FY27 because the company cut its FY27 constant-currency growth guidance to 1% to 2% from 1.5% to 3% even though revenue rose 10.7% to Rs 49,244 crore. Among 13 targets I could find, the highest is Rs 1,425 from Asit C Mehta and the lowest is Rs 902 from Nirmal Bang, with a median of Rs 1,115 that is 2.4% below the current price (my calculation). The stock trades at 15.45 times trailing earnings against an industry level of 17.55 and a trailing dividend yield of 4.15%. This is educational and not a recommendation to buy, sell or hold.
The early fall of about 4% in the Infosys share price was the reaction to the Infosys FY27 guidance cut, and by 11:08 AM most of it had faded. That recovery matters for anyone deciding whether to buy, sell or hold, because the Infosys share price target debate is now about what the next two quarters bring and not about a single opening gap.
This article sets out the Q2 numbers, every brokerage call I could verify, valuation, technical levels and a framework for each type of investor. It is educational and not advice.
Click Here – Get Free Investment Predictions
Infosys Share Price Today: How the 4% Fall Faded
| Infosys share price target context: measure (NSE, about 11:08 AM) | Reading |
|---|---|
| Previous close (23 Oct) | Rs 1,153.80 |
| Open | Rs 1,115.00, about 3.4% below the previous close (my calculation) |
| Day low | Rs 1,107.00, about 4.1% below the previous close (my calculation) |
| Last price | Rs 1,143.00, down 0.94% |
| Volume | About 13.0 million shares |
| 52-week high and low | Rs 1,728.00 and Rs 980.40 |
| Distance from 52-week high and low | About 33.9% below the high and 16.6% above the low (my calculation) |
| Year to date | Down about 31%, according to Business Standard |
On BSE the stock opened at Rs 1,119.05 against a previous close of Rs 1,154.50 and fell as much as 3.88% to Rs 1,109.70, which is the move behind the headline. The Infosys share price then climbed about 3.2% from the NSE low to Rs 1,143 (my calculation), so buyers appeared close to the 50-day average. The data provider shows Infosys about 16.6% above its 52-week low, so the long slide of 2026 has eased even though the stock is still down about 31% for the year.
Track Infosys and other IT stocks on the Univest screeners page
Q2 Results and FY27 Guidance Behind the Infosys Share Price Target Cuts
| Infosys Q2 FY27 item | Reported figure | Comparison |
|---|---|---|
| Net profit | About Rs 7,823 crore (one report says Rs 7,828 crore) | Up 6.2%; the Bloomberg poll expected Rs 7,904 crore, so a miss of about 1% (my calculation) |
| Revenue from operations | Rs 49,244 crore | Up 10.7%; the poll expected Rs 49,108 crore |
| FY27 constant-currency revenue guidance | 1% to 2% | Cut from 1.5% to 3% |
| FY27 organic growth guidance | Minus 0.5% to plus 0.5% | Cut from minus 0.2% to plus 1.3% |
| Acquisition contribution | 170 basis points | Unchanged |
| Large deal wins (TCV) | $5.2 billion | 62% net new |
The two sources differ slightly on net profit, Rs 7,823 crore against Rs 7,828 crore, so I have used the lower figure and flagged the gap. Business Today reports that the lower end of the FY27 guidance assumes further macro deterioration and the upper end assumes improvement. The company also plans salary hikes in two phases, juniors in Q3 and seniors in Q4, which analysts see as a margin headwind in the second half.
Large deals are the offset for the Infosys share price, and Infosys brokerage targets reflect them. Antique Stock Broking notes that deal wins of $5.2 billion beat its $4 billion estimate and included a seven-year net-new deal worth more than $2 billion with a financial services client and a $1 billion mega renewal. HSBC estimates that the $2 billion mega-deal could add about 1% to FY28 growth.
Brokerage Views and the Infosys Share Price Target
| Infosys share price target: brokerage | Rating | Target | Versus Rs 1,143 (my calculation) |
|---|---|---|---|
| Asit C Mehta | Not stated | Rs 1,425 | Up 24.7% |
| UBS | Buy | Rs 1,415 | Up 23.8% |
| Nomura | Buy | Rs 1,300 (cut from Rs 1,310) | Up 13.7% |
| Motilal Oswal | Buy | Rs 1,300 | Up 13.7% |
| Emkay Global | Buy | Rs 1,300 (unchanged) | Up 13.7% |
| Jefferies | Not stated | Rs 1,140 (cut from Rs 1,160) | Down 0.3% |
| Antique Stock Broking | Hold | Rs 1,115 | Down 2.4% |
| HSBC | Not stated | Rs 1,110 (retained) | Down 2.9% |
| Citi | Not stated | Rs 1,105 (raised from Rs 1,030) | Down 3.3% |
| Morgan Stanley | Not stated | Rs 1,075 (raised from Rs 976) | Down 5.9% |
| JPMorgan | Neutral | Rs 1,050 (maintained) | Down 8.1% |
| CLSA | Hold | Rs 1,003 (raised from Rs 976) | Down 12.2% |
| Nirmal Bang | Sell | Rs 902 (cut from Rs 968) | Down 21.1% |
The 13 targets average about Rs 1,172, which is 2.6% above the current price, and the median is Rs 1,115, which is 2.4% below it (my calculation). Business Today says 25 brokerages cover the stock, so this table is a sample and not a full poll. The spread of more than Rs 500 between the highest and lowest Infosys share price target shows how divided the street is.
Nomura, in its Infosys brokerage targets note, cites pricing pressure from higher competition, smaller price increases and AI productivity pass-through to clients, offset by Project Maximus and lower subcontracting costs. HSBC sees the underperformance against TCS, Cognizant and HCL Technologies as possibly cyclical, tied to the timing of two or three large deals. Motilal Oswal, which values the stock at 16 times FY28 estimated earnings, expects sequential revenue declines over the next two quarters and says execution on deal conversion and pricing remains a key monitorable.
Download the Univest iOS App or Univest Android App to track Infosys and compare brokerage targets.
Valuation: What the Market Pays for Infosys
| Infosys valuation (data provider, trailing) | Reading |
|---|---|
| Price to earnings | 15.45 against an industry level of 17.55 |
| Price to book | 5.43 |
| Return on equity | 31.03% |
| Earnings per share | Rs 74.72 |
| Book value per share | Rs 212.62 |
| Debt to equity | 0.09 |
| Dividend yield (trailing) | 4.15% |
| Market capitalisation | About Rs 4,68,528 crore |
At 15.45 times earnings, the Infosys share price target debate takes place at a lower multiple than the industry, and a return on equity of 31.03% with almost no debt is a strong balance sheet. The company also announced an interim dividend of Rs 26 per share with a 3 Nov record date, as reported by Whalesbook and NewsBytes, which is about 2.3% of the current price (my calculation). The lower multiple reflects slower growth, so it is not a bargain by itself.
Technical Levels for the Infosys Share Price
| Infosys share price target: indicator (daily) | Reading |
|---|---|
| 14-day RSI | About 70.6, close to the overbought zone |
| 50-day average | About Rs 1,086.82, below the price |
| 200-day average | About Rs 1,224.61, above the price |
| SuperTrend | Buy signal; support near Rs 1,053.35 |
| Bollinger bands | Upper Rs 1,196.61, middle Rs 1,064.24, lower Rs 931.88 |
| MACD | 25.43 against a signal line of 10.38, positive momentum |
The chart reading for the Infosys share price is mixed. Momentum is positive and the SuperTrend is still on a buy signal, but an RSI above 70 means the stock has already rallied hard, and the 200-day average near Rs 1,224.61 and the upper Bollinger band near Rs 1,196.61 are resistance. Support sits at today’s low of Rs 1,107, the 50-day average near Rs 1,087 and the SuperTrend near Rs 1,053. These are indicator readings and not forecasts.
Buy, Sell or Hold: A Framework by Investor Type
| Investor type | What matters most | What to check |
|---|---|---|
| Long-term investor | Deal conversion, margins after the wage hikes, FY28 growth | Whether Q3 shows growth returning and whether the Infosys share price target cuts stop |
| Short-term trader | RSI near 70 and resistance near Rs 1,197 to Rs 1,225 | Support near Rs 1,107 and Rs 1,053 |
| Income investor | Interim dividend of Rs 26 and a trailing yield of 4.15% | Dividends can change, so check the filing |
Infosys brokerage targets and Infosys FY27 guidance will drive the Infosys share price in the next two quarters, so watch the Infosys share price near Rs 1,107 and Rs 1,197. Any Infosys share price move on deal wins or margins will also change the Infosys share price target debate. None of these rows is a recommendation. The table shows that the same news can lead to different decisions depending on horizon and risk profile, which is why brokerages with the same facts publish targets from Rs 902 to Rs 1,425.
Risks to Check Before You Buy, Sell or Hold
- Growth risk. Infosys FY27 guidance of 1% to 2% leaves little room for the Infosys share price, and the lower end assumes further macro weakness.
- Margin risk. Wage hikes in Q3 and Q4 and AI-led price deflation could pressure margins, as Nomura and Motilal Oswal flag.
- Sector risk. The Infosys share price can also fall if US retail and hi-tech demand stays weak, according to BNP Paribas.
- Valuation and momentum. An RSI near 70 shows that the Infosys share price may already reflect some recovery.
- Target risk. Brokerage targets change often, so recheck any Infosys share price target before you rely on it.
Conclusion
The Infosys share price target range of Rs 902 to Rs 1,425 shows a divided street after a guidance cut, with Infosys brokerage targets and the Infosys FY27 guidance both in focus, but the stock recovered most of its 4% fall by 11:08 AM and trades at a lower multiple than the industry. Use the brokerage table, valuation and levels above, read the company filings and decide according to your own risk profile.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the Infosys share price target after Q2 results?
Ans. Brokerage targets I could verify range from Rs 902 from Nirmal Bang to Rs 1,425 from Asit C Mehta, with several Buy calls near Rs 1,300 from Nomura, Motilal Oswal and Emkay. The median of 13 targets is Rs 1,115. Targets change often, so check the latest reports.
Why did Infosys shares crash 4% today?
Ans. Infosys cut its FY27 constant-currency revenue growth guidance to 1% to 2% from 1.5% to 3% and missed profit estimates slightly, so the stock opened about 3.4% lower and touched Rs 1,107 on NSE. It recovered to Rs 1,143 by about 11:08 AM, down 0.94%.
Should I buy, sell or hold Infosys shares?
Ans. That depends on your horizon and risk profile. Brokerages are split, with Buy calls from Nomura, UBS, Motilal Oswal and Emkay, Hold from CLSA and Antique, and Sell from Nirmal Bang. This article does not give a recommendation, so please read the reports and consider your own goals.
What was Infosys’s guidance for FY27 and how does it affect the Infosys share price?
Ans. Infosys FY27 guidance now expects FY27 constant-currency revenue growth of 1% to 2%, down from 1.5% to 3%, and organic growth of minus 0.5% to plus 0.5%. The acquisition contribution is unchanged at 170 basis points.
Is the Infosys share price attractive on valuation?
Ans. For the Infosys share price, the data provider shows a trailing price to earnings of 15.45 against an industry level of 17.55, a return on equity of 31.03% and a dividend yield of 4.15%. The lower multiple reflects slower growth, so please compare it with your own return needs.
What are the key technical levels for the Infosys share price?
Ans. On daily indicators for the Infosys share price, support is near Rs 1,107, Rs 1,087 and Rs 1,053, and resistance is near Rs 1,197 and Rs 1,225. The 14-day RSI is about 70.6. These readings are not forecasts.
Is this Infosys share price target article investment advice?
Ans. No. This article is educational. Targets, ratings and figures come from news reports and data providers and may change. Please check the facts and your own risk profile before you decide.
Is this article investment advice?
Ans. No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.
