Agencies has hold call on with a target price of Rs 1640. The current market price of Infosys is Rs 1543.05.Time period given by analyst is 1 year when Infosys price can reach defined target.
Infosys, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 650761.57 Crore) operating in IT Software sector.
. 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 has 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 has reported net profit after tax of Rs 6026.00 Crore in latest quarter.
The company’s top management includes Mr.Nandan M Nilekani, Mr.Salil Parekh, Ms.Kiran Mazumdar Shaw, Ms.Chitra Nayak, Mr.D , Mr.Michael Gibbs, Mr.Uri Levine, Mr.Bobby Parikh. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-09-2022, the company has a total of 421 Crore shares outstanding.
Investment Rationale
Relatively higher revenue share from the US and lower exposure to troubled verticals places Infosys in a better position to navigate through the current demand environment. That said, current FY24EBloomberg consensus revenue estimates (implying 3% CQGR through 1QFY24-4QFY24) look optimistic. The brokerage sees risks to the downside to current estimates.
Further, Infosys is currently trading at 23% premium versus its past 5-year median, a premium next only to that of (29%). Hence, the brokerage, sees limited re-rating potential in the near term. The 20% up-movesince the lows of September has eroded the valuation comfort. Though JM Financial believes Infosysremains the safest bet in an uncertain environment, it will await a better entry point to golong.
Promoter/FII Holdings
Promoters held 15.16 per cent stake in the company as of 30-Sep-2022, while FIIs owned 31.72 per cent, DIIs 32.06 per cent.
Infosys, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 650761.57 Crore) operating in IT Software sector.
. 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 has 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 has reported net profit after tax of Rs 6026.00 Crore in latest quarter.
The company’s top management includes Mr.Nandan M Nilekani, Mr.Salil Parekh, Ms.Kiran Mazumdar Shaw, Ms.Chitra Nayak, Mr.D , Mr.Michael Gibbs, Mr.Uri Levine, Mr.Bobby Parikh. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-09-2022, the company has a total of 421 Crore shares outstanding.
Investment Rationale
Relatively higher revenue share from the US and lower exposure to troubled verticals places Infosys in a better position to navigate through the current demand environment. That said, current FY24EBloomberg consensus revenue estimates (implying 3% CQGR through 1QFY24-4QFY24) look optimistic. The brokerage sees risks to the downside to current estimates.
Further, Infosys is currently trading at 23% premium versus its past 5-year median, a premium next only to that of (29%). Hence, the brokerage, sees limited re-rating potential in the near term. The 20% up-movesince the lows of September has eroded the valuation comfort. Though JM Financial believes Infosysremains the safest bet in an uncertain environment, it will await a better entry point to golong.
Promoter/FII Holdings
Promoters held 15.16 per cent stake in the company as of 30-Sep-2022, while FIIs owned 31.72 per cent, DIIs 32.06 per cent.
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