Shares of two leading IT giants, Infosys and Tata Consultancy Services (TCS), experienced an upward surge on Tuesday, November 21, following divergent target price assessments by brokerage firm Bernstein.
As of 10:09 am on Monday, Infosys’ stock showed a 0.52 percent increase, equivalent to Rs 7.40, reaching Rs 1443.70 on the Bombay Stock Exchange (BSE). Simultaneously, TCS shares registered a 0.22 percent rise, or Rs 7.70, reaching Rs 3527.00 each on the BSE.
Bernstein’s contrasting target prices for these IT companies’ stocks played a pivotal role in influencing the positive market sentiment. The fluctuation in share prices reflects the dynamic nature of the stock market and the impact of expert assessments on investor confidence. As both Infosys and TCS continue to be key players in the IT sector, their market performance remains a focal point for investors and industry observers alike.
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