Overview
- Infosys rose over 5% intraday to around ₹1,681 after 26 large deals delivered $4.8 billion in TCV and management raised FY26 revenue guidance to 3–3.5%.
- Choice Institutional set a ₹1,865 target and Nuvama ₹1,900, citing resilient execution, stable margins and improved growth visibility.
- LIC’s holding saw indicative paper gains of about ₹2,854 crore as Infosys’ market value increased by roughly ₹25,700 crore.
- Kotak Mahindra Bank’s 1:5 stock split became effective on 14 January, and ICICI Direct retained a Buy with a ₹514 target after preliminary Q3 data showed net advances up 16% and deposits up 14.6% year on year.
- CARS24’s CFO said the company aims to list within 12–18 months with a sharper focus on profitability after a brief GST-related inventory hit, while Spice Lounge hit a 5% upper circuit after approving a $150,000 Prisha Infotech acquisition expected to close within 12 months.