Infosys mutual funds sell Rs 8,600 crore in December, but Q3 performance and raised guidance boost stock.

Infosys was the most sold stock by mutual funds in December, with estimated outflows of Rs 8,600 crore. However, the company's Q3 performance and raised full-year growth guidance have improved investor confidence. Brokerages such as Motilal Oswal, Jefferies, and Nomura have raised their target prices and maintained buy ratings, citing strong deal wins and growth visibility for coming quarters.