Infosys turning the corner: JP Morgan

Says it is proving more flexible in winning deals, embracing "a more realistic" margin profile and trying to re-engage with employees

J P Morgan raises its target price on Infosys Ltd to Rs 3,200 from Rs 3,100 while maintaining its "buy" rating.

The brokerage says Infosys "is likely turning the corner", given the Indian software services exporter is proving more flexible in winning deals, embracing "a more realistic" margin profile and trying to re-engage with employees.

These developments are coming on the back of an improving demand environment for the sector, the investment bank adds.

Infosys ended up 2.8% at Rs 2,917.