Shares of Infosys moved higher as the Indian rupee weakened against the US dollar, boosting sentiment for export-oriented IT companies. A weaker domestic currency often increases revenue realisation for IT firms that earn a large portion of their income from overseas clients.
The stock attracted buying interest as investors anticipated improved margins for technology companies. Several brokerages also highlighted that IT stocks had seen corrections in recent weeks, creating attractive entry opportunities for long-term investors.
With digital transformation spending continuing across global markets, large IT firms such as Infosys remain well positioned to benefit from sustained demand for cloud, automation and artificial intelligence solutions.
