INFY

Infosys reported modest 6% YoY revenue growth in Q1 FY26, reflecting weak global IT demand. However, strong deal pipeline worth $15 billion offers future growth visibility. Margins at 20% remain under pressure from wage hikes. Infosys is investing heavily in AI and automation to offset demand weakness. At ~23x FY26 EPS, valuations look attractive versus TCS. Infosys remains a reliable pick in Indian IT, though near-term growth will be gradual. Suitable for long-term investors.