New Delhi, February 17 Infosys shares ended nearly 2 per cent higher on Tuesday after the IT major announced a strategic collaboration with US-based Anthropic to jointly develop and deliver advanced enterprise artificial intelligence (AI) solutions.
The stock broke a four-day losing streak, rising 1.83 per cent, to close at ₹1,391.20 per share on the BSE. During the day, it jumped nearly 5 per cent, reaching a high of ₹1,430.95 per share.
The BSE-focused IT index gained 0.94 per cent, while the 30-share BSE Sensex climbed 173.81 points, or 0.21 per cent, to settle at 83,450.96.
Analysts said this development is encouraging, as it suggests that next-generation AI applications are unlikely to disrupt Indian IT companies' business models to the extent initially feared.
"These solutions are expected to be incorporated into both existing and new projects, which should help ease concerns around long-term business sustainability," said Vinod Nair, Head of Research, Geojit Investments Ltd.
Infosys announced a strategic collaboration with Anthropic, an AI safety and research company, on Tuesday.
Under the partnership, Infosys and Anthropic will initially focus on the telecommunications sector through a dedicated Anthropic Center of Excellence to build and deploy AI agents tailored to industry-specific operations, the company said in a regulatory filing.
"Our collaboration with Anthropic marks a strategic leap toward advancing enterprise AI, enabling organizations to unlock value and become more intelligent, resilient, and responsible," said Salil Parekh, Chief Executive Officer, Infosys.
Anthropic Co-Founder and CEO Dario Amodei said, "Infosys has exactly that kind of expertise across important industries: telecom, financial services, and manufacturing. Their developers are already using Claude Code to accelerate their work and to create AI agents for industries that demand precision, compliance, and deep domain knowledge."
