Infosys share price targets have been increased, with the valuation gap with TCS expected to close.
According to analysts, Infosys’ guidance raise was mostly driven by the purchase of In-tech as well as a one-time sales bump in its India unit. Infosys’ first-quarter results exceeded Wall Street expectations on several fronts. With strong growth, optimistic commentary, and upgraded guidance, the IT major’s valuation gap with Tata Consultancy Services Ltd (TCS), which…