Infosys can hit Rs 1,700, charts hint; how brokerages decode the Q2 nos

Shares of Infosys surged nearly 5 per cent on Friday, snapping its three-day losing streak after the company reported a 11 per cent YoY growth in net profit in the second quarter ended September 2022, beating street estimates. The company also announced its fourth share buyback offer worth Rs 9,300 crore, at a price of Rs 1,850 per share. READ MORE

Here's how brokerages have decoded the numbers.

Jefferies

We raise our FY23-25 earnings per share (EPS) estimates by 1-2 per cent to factor the results and expect FY22-24 EPS CAGR of 12 per cent. Infosys'