ICICI Securities maintains Hold on Infosys; lowers target price to Rs 1,470 Jobbery Stock Market update New

ICICI Securities maintains a Hold call on Infosys, revising the target price to Rs 1,470 due to weak guidance and global uncertainties. Infosys reported a slight dip in consolidated total income for the quarter ended March 2025. The brokerage cut EPS estimates for FY26/27, citing a pause in discretionary spending recovery impacting Infosys more than its peers.