Time period given by analyst is one year when Infosys Ltd. price can reach defined target.
Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 768443.49 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-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 30126.00 Crore, up 5.64 % from last quarter Total Income of Rs 28518.00 Crore and up 19.83 % from last year same quarter Total Income of Rs 25140.00 Crore. Company has reported net profit after tax of Rs 5428.00 Crore in latest quarter.
Investment Rationale
Long-term outlook remains positive, as strong deals and digital transformation trends indicate growth momentum. The brokerage reiterate the BUY rating on the stock with a revised target price of Rs. 2,074 based on 34x FY23E adj. EPS.
Promoter/FII Holdings
Promoters held 13.12 per cent stake in the company as of 30-Sep-2021, while FIIs owned 33.46 per cent, DIIs 15.65 per cent.
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