Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 667760.76 Crore) operating in IT Software sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 28518.00 Crore, up 6.19 % from last quarter Total Income of Rs 26856.00 Crore and up 18.14 % from last year same quarter Total Income of Rs 24140.00 Crore. Company reported net profit after tax of Rs 5201.00 Crore in latest quarter.
Investment Rationale
Infosys has posted stellar Q1FY22 numbers. Management highlighted that cloud is becoming a strategic priority for all industries. The brokerage believes Infosys, given its strong presence in cloud and digital transformation, will remain major beneficiary of this tech-upcycle which is going to last for three-four years. The stock trades at 28.7x FY22E. It maintains ‘BUY/SO’ and unchanged TP of INR2,124 (36x Q3FY23E).
Promoter/FII Holdings
Promoters held 13 per cent stake in the company as of June 30, 2021, while FIIs held 33.8 per cent, DIIs 22 per cent and public and others 31.3 per cent.
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