THE ECONOMIC TIMESAxis Securities has buy call on Infosys with a target price of Rs 1750. The current market price of . is Rs 1486.55. Time period given by analyst is one year when Ltd. price can reach defined target.
Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 625462.82 Crore) operating in IT Software sector.
Infosys Ltd. key Products/Revenue Segments include Software Development Charges and Software Products for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 37122.00 Crore, up 5.62 % from last quarter Total Income of Rs 35146.00 Crore and up 23.22 % from last year same quarter Total Income of Rs 30126.00 Crore. Company reported net profit after tax of Rs 6026.00 Crore in latest quarter.
Investment Rationale
The brokerage recommends a BUY rating on the stock and assign a 24x P/E multiple to its FY24E earnings of Rs 73.4/share to arrive at a TP of Rs 1,750/share, implying an upside of 23% from the CMP.
Promoter/FII Holdings
Promoters held 13.11 per cent stake in the company as of 30-Jun-2022, while FIIs owned 31.72 per cent, DIIs 18.87 per cent.
Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 625462.82 Crore) operating in IT Software sector.
Infosys Ltd. key Products/Revenue Segments include Software Development Charges and Software Products for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 37122.00 Crore, up 5.62 % from last quarter Total Income of Rs 35146.00 Crore and up 23.22 % from last year same quarter Total Income of Rs 30126.00 Crore. Company reported net profit after tax of Rs 6026.00 Crore in latest quarter.
Investment Rationale
The brokerage recommends a BUY rating on the stock and assign a 24x P/E multiple to its FY24E earnings of Rs 73.4/share to arrive at a TP of Rs 1,750/share, implying an upside of 23% from the CMP.
Promoter/FII Holdings
Promoters held 13.11 per cent stake in the company as of 30-Jun-2022, while FIIs owned 31.72 per cent, DIIs 18.87 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Pick the best stocks for yourself
Powered by