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Buy Infosys; target of Rs 2060: ICICI Direct

ICICI Direct is bullish on Infosys has recommended buy rating on the stock with a target price of Rs 2060 in its research report dated October 18, 2021.

October 18, 2021 / 03:42 PM IST
 
 
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ICICI Direct's research report on Infosys


Infosys Ltd (Infy) is one of the leading IT players catering to BFSI, retail, communication, manufacturing & hi tech verticals. The company generates >56% of revenues from digital technologies Dividend payout (>80%), margins (>20%) and RoCE (>31%) key positives


Outlook


We continue to remain positive and retain our BUY rating on the stock We value Infosys at Rs 2,060 i.e. 32x P/E on FY23E EPS


For all recommendations report, click here

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first published: Oct 18, 2021 03:42 pm

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