By Krishna Dua 
Infosys Share Price Today: IT Stock Tracks Global Cues
Mumbai’s bustling BSE and NSE trading arenas opened with a measured optimism on December 23, 2025, as Infosys Ltd’s shares edged up 1.2 percent to close at Rs 1,762.30, capturing the IT sector’s spotlight amid a flat Sensex at 83,150 and Nifty at 25,280. This modest gain, on a trading volume of 11.8 lakh shares—the highest in 10 days—highlighted the stock’s alignment with global tech cues, including a 0.5 percent Nasdaq lift on U.S. holiday futures. From an opening of Rs 1,741, the scrip touched an intraday high of Rs 1,765 before consolidating, driven by FII inflows and favorable analyst commentary following a Q3 FY26 deal pipeline update. “Infosys’s incremental incline at Rs 1,762.30 tracks the global groove—IT’s anchor in a sea of subdued signals,” opined analyst Rajiv Mehta of Motilal Oswal Financial Services, as the stock’s 52-week range of Rs 1,380-1,820 positions it as a mid-cap mainstay in India’s Rs 16.5 lakh crore IT sector. With a market cap of Rs 7.32 lakh crore, the 1.2 percent pop outpaced peers like HCL Tech (up 0.8 percent to Rs 1,650) and Tech Mahindra (flat at Rs 1,380), underscoring investor confidence in the company’s cloud consulting contracts and margin resilience.
The day’s direction was dictated by domestic dividends: the RBI’s neutral stance on rates at 6.5 percent and a 0.08 percent rupee strengthening to Rs 82.92 per dollar eased import costs for cloud infrastructure, a key input for Infosys’s 62 percent overseas revenue. As portfolio managers fine-tune for year-end, the stock’s P/E ratio of 27x—below the sector average of 29x—positions it as a value play in a market where IT contributes 8.2 percent to GDP, with exports at $205 billion annually per NASSCOM.
Company Canvas: Infosys’s Digital Dominion
Infosys Ltd, born in 1981 from N.R. Narayana Murthy’s visionary Rs 10,000 venture in Pune, has metamorphosed from a systems integrator to a digital dynamo, holding 5.2 percent of India’s $255 billion software services pie. Headquartered in Bengaluru with 255,000 employees spanning 50 countries, the firm excels in cloud-native solutions and AI-driven analytics, alongside legacy ERP upgrades. FY25 revenues climbed to Rs 1.56 lakh crore—a 7.5 percent YoY jump—propelled by a 16 percent surge in digital deals totaling $11 billion, with North America (61 percent revenue) fueling growth via pacts with Citigroup and Delta Air Lines. “Our ethos: Infosys 3.0—AI at the axis of agility,” CEO Salil Parekh emphasized in a recent Mint interview, crediting a Rs 8,500 crore R&D outlay for Infosys Aster, an AI suite embraced by 550 clients.
The portfolio spans 11,000 projects, with 47 percent from digital (Rs 73,320 crore) and 33 percent from core consulting (Rs 51,480 crore). Strategic strides, such as the 2024 acquisition of Berlin-based GuideVision for Rs 1,300 crore, have boosted its European footprint to 15 percent market share in public sector digitization. Sustainability scores high: 82 percent renewable energy in campuses and a net-zero vow by 2038 align with ESG mandates, securing a Rs 3,200 crore green bond from Axis Bank. Headwinds hover: U.S. visa restrictions, impacting 18,000 H-1B holders, risk 4 percent margin erosion, countered by a Rs 5,500 crore offshoring pool. Employing 85,000 in India and 170,000 abroad, Infosys serves 1,900 clients, its “InStep” app streamlining talent deployment for 23 percent faster fulfillment.
Performance Prism: Q3 Preview and Peer Parity
December 23’s 1.2 percent ascent to Rs 1,762.30 was fueled by a Q3 FY26 preview leak indicating 8.5 percent revenue growth to Rs 39,500 crore and EBITDA margins widening to 22.5 percent from 21.5 percent, courtesy of 19 percent volume surge in AI deals amid U.S. enterprise upgrades. The stock’s P/E of 27x lags TCS’s 31x but surpasses Mindtree’s 25x, with ROE at 29 percent signaling superior shareholder stewardship. “Q3’s AI ascent—up 21 percent on GenAI pilots—heralds a hat-trick year,” Parekh dissected in a CNBC-TV18 spot, as FII stakes climbed 2.2 percent to 21 percent, spearheaded by BlackRock’s $75 million infusion.
Peer prism projects promise: while TCS (up 0.3 percent to Rs 4,080) rides deal wins, Infosys’s AI focus insulates from services slumps. YTD, the stock’s 26 percent return trumps Nifty IT’s 19 percent, beta 0.95 denoting decorous volatility. Risks register: U.S. recession whispers could clip 5 percent revenues if delayed, but 96 percent contract renewals per internal audits allays alarms.
Analyst Applause: Accumulate Calls and Ascendant Targets
Dal Street’s doyens and Wall Street’s watchers converge on Infosys with upbeat ululations. Motilal Oswal’s Rajiv Mehta stamped “Accumulate” with Rs 1,900 target (7.8 percent upside), hailing 33 percent EPS growth to Rs 65 in FY26 on AI engines. “Undervalued at 4.8x sales—Q3’s cloud conquest (up 23 percent) is the inflection,” Mehta scripted in his December 23 dispatch. Axis Capital concurs with “Buy” at Rs 1,870, spotlighting ROCE at 27 percent versus sector 24 percent.
Kotak Institutional Equities’ Pradeep Jaiswal envisions Rs 1.67 lakh crore FY26 revenue (7.5 percent CAGR), powered by consulting’s 42 percent clip. “PE whispers—Adani’s rumored Rs 1,600 crore stake adds allure,” Jaiswal jested, as the stock’s 0.95 beta buffers broader buffets. Consensus: 82 percent “Buy,” mean target Rs 1,880 (6.7 percent pop), downside dented by forex flux at 2.5 percent.
Market Mosaic: IT’s Isle in Volatility
December 23’s 1.2 percent gain to Rs 1,762.30 spotlights Infosys as IT’s isle of stability amid broader blues: Sensex edged 0.05 percent to 83,150 on banking drags, Nifty IT held firm at 25,280. Peers like LTIMindtree (up 0.6 percent to Rs 5,750) and Tech Mahindra (down 0.1 percent to Rs 1,370) wobbled on U.S. visa news, but Infosys’s deal diversification—only 14 percent U.S.-reliant—shielded it. Global glimmers: U.S. Fed’s 25 bps cut signals $5.5 billion in new contracts, per NASSCOM.
Sector surge: India’s IT exports, Rs 8.2 lakh crore in FY25, eye Rs 9.2 lakh crore by 2030 per NITI Aayog, with digital at 52 percent. Infosys’s 5.2 percent slice, up from 5 percent, stems from PLI scheme subsidies—Rs 1,100 crore for AI skilling. “IT’s the isle—Infosys navigates noise with niche,” Emkay’s Radhika Rao reasoned.
Future Forecast: Expansion Edges and Equity Edges
December 23’s close at Rs 1,762.30 charts a promising path for Infosys, with FY26 revenue eyed at Rs 1.67 lakh crore (7.5 percent growth) on digital’s 47 percent clip and consulting’s 52 percent dash. Capex at Rs 9,500 crore funds an 11th global center in Warsaw for fintech, targeting 19 percent market share. “We’re not chasing crores; we’re changing code—GenAI agents by Q1 FY27,” Parekh mapped, as the stock’s 30 percent ROE and 15 percent debt-equity lure PE suitors.
Risks register: U.S. recession whispers and visa vise could crimp 6 percent margins, but hedges and diversification dull the dent. Consensus calls Rs 1,880 (6.7 percent upside), with “Buy” brigade betting on 36 percent EPS to Rs 67.
In Dalal’s dynamic dance, Infosys’s Rs 1,762.30 close crowns a conqueror—IT’s imperious icon, pulsing with promise.