Infosys-Telstra joint venture triggers bullish call, eyes 22% rise
Infosys will acquire 75% of Telstra's Versent Group to form an AI-enabled cloud joint venture. Analyst Prabhat Mittal sees strong long-term support at ₹1,350-₹1,400 and short-term resistance lies at ₹1,600-₹1,650, with a breakout potentially targeting ₹1,800, 22% above current levels. Sentiment was neutral as the stock is down 23% YTD.