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Infosys shares set to react to Q4 results; Stock a 'top pick' for NomuraMajority of the 50 analysts that have coverage on Infosys, continue to have a "buy" recommendation on it after its fourth quarter performance. Shares of Infosys are down 25% so far in 2026.By Reema Tendulkar   |  Hormaz Fatakia   April 24, 2026, 6:22:07 AM IST (Updated)2 Min ReadShares of Infosys Ltd. will be reacting to their March quarter results that were reported after market hours on Thursday. The US-listed shares of the company, ended with losses of close to 5% overnight, having declined nearly 6.5% at one point.

Brokerage firm Nomura has reiterated its bullish stance on Infosys after the results, with its "buy" recommendation and a revised price target of ₹1,640 from ₹1,630 earlier. Infosys is also Nomura's top pick within the largecap Indian IT space.

Nomura's revised price target implies an upside potential of 33% from Thursday's closing. The stock had ended at the day's low on Thursday before the results announcement. Over the last two sessions, shares have declined 5.5% already.

The brokerage called Infosys' financial year 2027 revenue growth guidance of 1.5% to 3.5% largely in-line at the mid-point, with a better outlook for the BFSI and EURS verticals.

"We expect EBIT margins to remain largely stable at 21%, compared to the company's guided band of 20% to 22%," Nomura said.

For the fourth quarter, Infosys' constant currency revenue declined by 1.6%, compared to estimates of a 0.6% decline. Deal wins stood at $3.2 billion, lower than the average of the last three quarters of $4.5 billion.

The management sees AI as a huge growth opportunity and also said that its contribution to the overall revenue was higher than the 5.5% it disclosed at the end of the third quarter.

Majority of the 50 analysts that have coverage on the stock, continue to have a "buy" recommendation on it. Shares of Infosys are down 25% so far in 2026.

This story will be updated with more analyst recommendations.Also Read: Infosys hits $20 billion milestone, closes gap with TCS despite IT slowdownContinue ReadingFirst Published: Apr 24, 2026 6:16 AM ISTTagsInfosys Q4Infosys Q4 resultsInfosys resultsInfosys share priceInfosys SharesQ4 resultsshare market today