Nomura Names Infosys Top IT Pick Amid Expected FY26 Guidance Increase
** Infosys Q3FY26 Performance**
Nomura has reaffirmed its **Buy** rating on Infosys, establishing a price target of **Rs 1,810**. This outlook remains positive despite a recorded **2% YoY** decline in net profit for the third quarter.
Top-line performance showed consistent strength as revenue climbed **9% YoY**. The firm’s deal pipeline demonstrated significant momentum, highlighted by a substantial **94%** surge in large-scale contracts.
Management has increased its growth guidance for **FY26**, reflecting confidence in the current trajectory. Operating margins held stable throughout the period, supported by robust demand across core verticals.
Strategic growth continues to be driven by the **BFSI** and **EURS** sectors. Additionally, the rapid scaling of advanced digital and automation services remains a primary catalyst for the company's long-term valuation.