ThinkStock Photos has buy call on with a target price of Rs 1760. The current market price of Infosys is Rs 1475.6.
Infosys, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 619202.86 Crore) operating in IT Software sector.
Infosys key Products/Revenue Segments include Software Development Charges and Software Products for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 39087.00 Crore, up 5.29 % from last quarter Total Income of Rs 37122.00 Crore and up 20.72 % from last year same quarter Total Income of Rs 32379.00 Crore. Company has reported net profit after tax of Rs 6586.00 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
The brokerage views the stock as a beneficiary of acceleration in IT spends, given its capabilities around Cloud and Digital transformation. The brokerage values the stock at 26x FY24E EPS and reiterates its Buy rating.
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 619202.86 Crore) operating in IT Software sector.
Infosys key Products/Revenue Segments include Software Development Charges and Software Products for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 39087.00 Crore, up 5.29 % from last quarter Total Income of Rs 37122.00 Crore and up 20.72 % from last year same quarter Total Income of Rs 32379.00 Crore. Company has reported net profit after tax of Rs 6586.00 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
The brokerage views the stock as a beneficiary of acceleration in IT spends, given its capabilities around Cloud and Digital transformation. The brokerage values the stock at 26x FY24E EPS and reiterates its Buy rating.
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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