BNP Paribas said it raised its price target on Infosys to 1,320 rupees a share from 1,200 rupees earlier. That upward revision made Infosys the top gainer in the F&O space.
BNP said in a research report that Infosys was being flexible in deal terms and a weaker Rupee was expected to be beneficial to the software exporter. Infosys was adding fresh consulting partners to its top 200 accounts and CEO Sikka was himself monitoring the top 3 accounts in each vertical in a bid to drive efficiencies and improve performances.
As a consequence, Infosys rose 30 rupees, or 2.6 percent, to 1,174 rupees on the
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