Shares of Infosys, India's second-largest IT company, surged by up to 1.90% to hit a 52-week high of Rs 1,758.60 per share on the BSE during Thursday's intraday trading. The company's Q1 FY25 results exceeded expectations, prompting it to raise its revenue guidance for FY25 to 3%-4%, up from the previous 1%-3%. Infosys also maintained its margin guidance at 20%-22%. Despite a reduction in headcount for the sixth consecutive quarter, the company reported deal wins above estimates. The positive performance of Infosys, along with other IT firms, contributed to the Indian stock market reaching record highs. The Sensex rose by 626 points to close at 81,343, while the Nifty gained 188 points to end at 24,801. The market posted a record close for the fourth straight session, driven by gains in IT and financial stocks. Additionally, Infosys' American Depositary Receipts (ADRs) soared over 8% on the NYSE following the strong Q1 results. Nomura raised its target for Infosys to Rs 1,950, reiterating it as a top pick.