Geojit's research report on Infosys
Infosys Limited provides IT consulting and software services, including ebusiness, program management and supply chain solutions. The Group’s services include application development, product co-development, and system implementation and system engineering. Infosys targets businesses specializing in the insurance, banking, telecom and manufacturing sectors. Revenue rose 22.9% YoY to Rs. 31,867cr in Q3FY22. The Company posted Q3FY22 PAT of Rs. 5,809cr (+11.8% YoY). Retail, communication, manufacturing, and life sciences collectively showed 20% YoY growth EBITDA margin contracted by 230bps YoY to 26.3% due to supply side issues, lower utilization, and higher costs.
Outlook
With continued growth momentum in revenues, we reiterate our BUY rating on the stock with a revised target price of Rs. 2,299 based on 32x FY24E adj. EPS.
More Info
At 16:00 hrs Infosys was quoting at Rs 1,920.95, down Rs 18.40, or 0.95 percent.
It has touched an intraday high of Rs 1,944.00 and an intraday low of Rs 1,912.00.
It was trading with volumes of 59,778 shares, compared to its thirty day average of 230,823 shares, a decrease of -74.10 percent.
In the previous trading session, the share closed up 0.58 percent or Rs 11.15 at Rs 1,939.35.
The share touched its 52-week high Rs 1,953.70 and 52-week low Rs 1,230.00 on 17 January, 2022 and 24 February, 2021, respectively.
Currently, it is trading 1.68 percent below its 52-week high and 56.17 percent above its 52-week low.
Market capitalisation stands at Rs 807,878.18 crore. For all recommendations report, click here
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