Infosys Soars 4% After Anthropic Partnership; IT Stocks End Higher

Mumbai | February 17

Shares of Infosys rose over 4% on Tuesday after the company announced a strategic collaboration with US-based AI research firm Anthropic. The development supported gains in IT stocks, which ended higher for a second straight session after last week’s sharp decline.

The Nifty IT index rose nearly 3% during the day before trimming gains to close about 1% higher at 33,075.05.

HCL Technologies, Wipro and Persistent Systems gained around 3% each.

Infosys–Anthropic Collaboration

India’s second-largest IT services exporter, Infosys said it will work with Anthropic to help enterprises deploy advanced AI tools across complex and highly regulated sectors.

The partnership will begin with a dedicated Anthropic Centre of Excellence focused on telecommunications and will later expand to financial services, manufacturing and software development.

Anthropic’s Claude family of models, including Claude Code, will be integrated with Infosys’ Topaz AI platform.

The companies said the collaboration aims to help enterprises automate complex workflows, accelerate software delivery and deploy what is described as “agentic AI”.

What Is Agentic AI?

Unlike traditional AI systems that assist with individual tasks, agentic AI is designed to manage longer and more complex processes with limited human input. These may include handling insurance claims, conducting compliance checks, generating and testing code, or managing business workflows across departments.

Infosys said it plans to help clients build AI agents that can function continuously across business operations, particularly in environments that require strict governance and regulatory oversight.

The companies also said they will focus on modernising legacy IT systems by combining Infosys Topaz and Claude models to reduce migration costs and speed up infrastructure upgrades.

Sector-Specific Use Cases

Telecommunications will be the initial focus, with AI agents supporting network modernisation, service delivery and customer lifecycle management.

In financial services, the tools will assist with risk assessment, compliance reporting and personalised customer interactions.

In manufacturing and engineering, AI systems will help accelerate product design and simulations.

For software development, Claude Code will assist developers in writing, testing and debugging programs. Infosys said it is already deploying the tool internally before expanding usage to clients.

What the Companies Said

Anthropic CEO Dario Amodei said there is a gap between AI demonstrations and real-world use in regulated industries, adding that domain expertise is critical to bridge that gap.

Infosys CEO Salil Parekh said the collaboration is aimed at helping enterprises adopt AI responsibly and improve operational efficiency across sectors.

Why IT Stocks Have Been Under Pressure

IT stocks have been volatile in recent weeks due to concerns that rapid advances in AI tools could increase competition for software and services companies.

The Nifty IT index had fallen over 8% last week, its steepest weekly decline in almost a year.

Global cues also influenced sentiment. Strong US jobs data reduced expectations of near-term interest rate cuts by the Federal Reserve, which added to uncertainty in global technology stocks.

PL Capital View on Infosys

PL Capital maintains a BUY rating on Infosys with a target price of ₹1,900, implying an upside of around 37% from the current price of ₹1,391.

PL believes AI represents a structural expansion of the IT services market, with a potential addressable opportunity of $300–400 billion by 2030. AI-led engagements currently contribute about 5.5% of Infosys’ revenues and are expected to scale as adoption moves from pilot programs to enterprise-wide deployment.

PL Capital estimates USD revenue and earnings CAGR of 6.6% and 10.2% respectively over FY26E–FY28E and values the stock at 22x FY28E earnings.

Read the full PL Capital report here.

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