Kotak Equities downgrades its rating on Infosys shares, moving to an “Add” rating from “Buy,” and sets a target price of Rs 1,200 per share. The brokerage says near-term prospects are not encouraging, indicating a more cautious view compared with its previous stance.
The reports focus on broker research and target prices rather than company-specific developments. While the coverage mentions TCS alongside Infosys, the detailed change described is the Infosys rating downgrade and its associated target. Different outlets may frame such updates around valuation and earnings expectations, but the core agreed point is the change in Kotak Equities’ rating for Infosys and the revised near-term outlook reflected in the target.
Overall, the update represents a shift in analyst sentiment and guidance for investors, based on expected business performance in the near term. It does not indicate immediate operational actions by the companies themselves, but rather a reassessment by one brokerage.
