Motilal Oswal has buy call on Infosys with a target price of Rs 1245. The current market price of Infosys Ltd. is Rs 1198.95.
Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 506784.79 Crore) operating in IT Software sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 24570.00 Crore, up 3.82 % from last quarter Sales of Rs 23665.00 Crore and up 8.58 % from last year same quarter Sales of Rs 22629.00 Crore. Company reported net profit after tax of Rs 4858.00 Crore in latest quarter.
Investment Rationale
Higher top – higher bottom on weekly scale and entered into new life time high territory
Promoter/FII Holdings
Promoters held 13.2 per cent stake in the company as of June 30, 2020, while FIIs held 30.5 per cent, DIIs 25.4 per cent and public and others 31 per cent.
