AgenciesKotak Institutional Equities has buy call on with a target price of Rs 1820. The current market price of Infosys is Rs 1479.9.
Infosys, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 623585.90 crore) operating in IT Software sector.
Infosys key Products/Revenue Segments include Software Development Charges and Software Products for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company has reported a Consolidated Total Income of Rs 32913.00 crore, up 1.65 % from last quarter Total Income of Rs 32379.00 crore and up 22.55 % from last year same quarter Total Income of Rs 26856.00 crore. Company has reported net profit after tax of Rs 5695.00 crore in latest quarter.
Investment Rationale
The brokerage hosted Infosys management for investor meetings recently. Key highlights are— (1) no change in demand environment since the guidance provided in April 2022 including demand from the European market, (2) margins—headwinds do exist and are front-loaded. Tailwinds will kick in through the course of the year, (3) focus is on reducing attrition—multiple interventions have been made to ensure talent retention. Infosys, in the brokerage view, will be a leader on growth with a portfolio that is nicely aligned to growth areas. Stock is attractive after the recent correction, it added.
Promoter/FII Holdings
Promoters held 13.11 per cent stake in the company as of 31-Mar-2022, while FIIs owned 33.3 per cent, DIIs 17.1 per cent.
Infosys, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 623585.90 crore) operating in IT Software sector.
Infosys key Products/Revenue Segments include Software Development Charges and Software Products for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company has reported a Consolidated Total Income of Rs 32913.00 crore, up 1.65 % from last quarter Total Income of Rs 32379.00 crore and up 22.55 % from last year same quarter Total Income of Rs 26856.00 crore. Company has reported net profit after tax of Rs 5695.00 crore in latest quarter.
Investment Rationale
The brokerage hosted Infosys management for investor meetings recently. Key highlights are— (1) no change in demand environment since the guidance provided in April 2022 including demand from the European market, (2) margins—headwinds do exist and are front-loaded. Tailwinds will kick in through the course of the year, (3) focus is on reducing attrition—multiple interventions have been made to ensure talent retention. Infosys, in the brokerage view, will be a leader on growth with a portfolio that is nicely aligned to growth areas. Stock is attractive after the recent correction, it added.
Promoter/FII Holdings
Promoters held 13.11 per cent stake in the company as of 31-Mar-2022, while FIIs owned 33.3 per cent, DIIs 17.1 per cent.
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