INSUBCONTINENT EXCLUSIVE:
estimates for the March quarter and it temporarily suspended its practice of giving guidance citing uncertainty over the impact of
Covid-19.
Analysts said improvement in new deal wins and strong free cash flow were positive takeaways from the result, which saw the IT
major reporting a 3.1% sequential fall in consolidated net profit over the previous quarter at ?4,321 crore.
Jefferies has raised target
price to ?705 from ?680, saying that Infosys remains its preferred pick among top-tier IT services companies due to its high-quality
franchise and reasonable valuation
