Nomura Declares Infosys Top Pick
Nomura ne Infosys par apna 'Buy' call dobara diya hai, aur use large-cap Indian IT services sector mein apna top pick banaya hai. Leading international brokerage stock mein 13% ka potential upside dekh rahi hai, aur yeh ₹1,810 per share tak ja sakta hai. Yeh target unchanged hai, jo Nomura ke sustained confidence ko dikhata hai.
Guidance Raised on Strong Outlook
Infosys ne FY26 ke liye apni revenue growth guidance ko badhakar 3-3.5% year-on-year kar diya hai, jo pehle ke 2-3% forecast se zyada hai. Yeh revision FY27 mein BFSI aur Energy, Utilities, Resources, and Services (EURS) verticals mein expected improvement ke karan hai. Nomura ne is strategic move ko aur anya factors ko apni recommendation ke liye key drivers bataya hai.
Deal Wins and AI Focus
Infosys ke liye large deal wins $4.85 billion rahe, jismein se 57% net new hain. Company AI services ke andar cheh value pools par strategically focus kar rahi hai, jaise AI engineering, data for AI, aur AI trust services. Management FY27 mein BFSI aur EURS mein revenue growth acceleration ki ummeed kar rahi hai, jo in AI initiatives aur strategic partnerships se support hoga.
Stable Margins Expected
Nomura ko FY26 mein Infosys ke margins broadly stable rahne ki ummeed hai, jo 21% ke aas-paas rahenge. Q3 mein, adjusted EBIT margin 21.2% thi, jo quarter-on-quarter 20 basis points badhi hai. Project Maximus aur currency fluctuations se mile tailwinds ko furlough expenses ne partially offset kiya hai. Nomura FY26 ke liye EBIT margins ko lagbhag 20.9% hone ka anumaan laga rahi hai, jo company ke guided band 20-22% ke andar hai.