Business News Desk –Shares of IT company Infosys rose by 5 per cent on July 19. Brokerage firms Jefferies and Nomura have raised the target price of Infosys shares in view of better-than-expected results for the April-June quarter of FY 2025. Jefferies has raised the target price to Rs 2,040 per share and given a 'buy' rating.

Nomura has also given a new target price of Rs 1,950 per share with a 'buy' call. Due to good quarterly results and this move of the brokerage, buying in Infosys shares has increased. The stock opened with a gain at Rs 1842.05 on the BSE in the morning. After this, it climbed about 5 percent from the previous close price to a high of Rs 1843. This is a new 52-week high level of the stock. The market cap of the company is Rs 7.48 lakh crore.

How much profit in Q1
Infosys' consolidated net profit rose 7.1 percent to Rs 6,368 crore in the April-June 2024 quarter from Rs 5,945 crore in the same quarter of the previous fiscal. For the current financial year 2024-25, the company has raised its revenue growth forecast in constant currency from 1-3 percent to 3-4 percent. The company's operating margin stood at 21.1 percent during the June 2024 quarter.