Infosys Share Price Hits ₹1,693: Q3 Results Spark 5% Rally Despite Labour Code Hit

Infosys is having a wild Friday. As of January 16, 2026, the stock has jumped nearly 5.6%, hitting an intraday high of ₹1,693 on the NSE.

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The thing is, the “official” numbers look a bit messy because of a massive ₹1,289 crore one-time hit from the government’s new Labour Codes. Or nothing. Let’s be real, the market has completely ignored the 2.2% dip in profit and is laser-focused on the fact that Infosys just raised its revenue growth guidance to 3–3.5%. Those too. Investors are essentially saying the worst of the IT slowdown is over.

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The “Infosys Q3” Log: Field Notes

It’s an ongoing situation where the AI-first strategy (Topaz) is finally starting to eat the lunch of its competitors.

• The Labour Code Bill: India’s new labor laws forced a one-time provision for gratuity and leave. The thing is, Infosys wasn’t alone. TCS took a ₹2,128 crore hit, and HCLTech also coughed up ₹719 crore. It’s an industry-wide “reset” on how employee costs are calculated.

• The Deal Machine: They clocked 4.8 billion in large deals this quarter. And here’s the kicker—57% of that is “net new” business. The thing is, they aren’t just renewing old contracts; they’re actually stealing market share.

• The Headcount Flip: After quarters of trimming, they actually added 5,043 people this time. The thing is, you don’t hire 5,000 people unless you’re expecting a busy 2026.

• The ADR Signal: The US-listed ADRs gapped up 10% last night. The thing is, when the ADRs move like that, the Indian market almost always follows suit at the open.

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Q3 FY26: By the Numbers

And Here’s the Kicker…

CEO Salil Parekh is doubling down on “Agentic AI.” The thing is, they now have over 4,600 active AI projects. He’s basically telling investors that Infosys isn’t just a “coding shop” anymore; they are becoming the “AI partner” for 90% of their top clients.

It’s an ongoing situation where the Maharashtra Civic Polls kept the markets closed on Thursday, so all that pent-up energy from the Wednesday evening results just exploded at the Friday morning bell. The thing is, if you’re holding the stock, the next level to watch is ₹1,750, which is where several brokerages have moved their targets.

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End…

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