Buy Infosys: target of Rs 2300: Sharekhan

"India’s specialty chemicals industry is a decadal growth opportunity and it is still not too late to participate in the value creation process. We prefer CRAMS/CSM players Navin Fluorine (Navin) and PI Industries (PI) as they provide long-term earnings visibility. We also like UPL due to robust growth outlook and reducing debt concerns and SRF due to rising contribution from the chemicals business," JM Financial research report.

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26 Aug, 2025 12:21

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Sharekhan's research report on Infosys

Infosys is well-equipped to deliver industry-leading organic growth among large peers in FY2023E, led by broad-based demand, healthy deal wins, strong deal pipeline, and strong execution. Q4 usually remains a soft quarter on growth for Infosys owing to fewer working days and weak client spending. Margins are expected to remain under pressure in Q4FY22 owing to visa expenses and rising costs of backfill attrition and lower utilization. Headwinds including wage inflation, higher travel costs and supply-side issues would impact margins in FY2023E, while pricing leverage, lower subcontractor costs, and pyramid rationalisation would offset these headwinds to a large extent.

Outlook

We maintain a Buy on Infosys with an unchanged PT of Rs. 2,300, given strong revenue growth potential, market share gains, and strong demand.

More Info

At 12:31 hrs Infosys was quoting at Rs 1,725.10, up Rs 4.55, or 0.26 percent.

It has touched an intraday high of Rs 1,731.00 and an intraday low of Rs 1,681.00.

It was trading with volumes of 115,441 shares, compared to its thirty day average of 352,638 shares, a decrease of -67.26 percent.

In the previous trading session, the share closed up 1.02 percent or Rs 17.45 at Rs 1,720.55.

The share touched its 52-week high Rs 1,953.70 and 52-week low Rs 1,306.00 on 17 January, 2022 and 05 March, 2021, respectively.

Currently, it is trading 11.7 percent below its 52-week high and 32.09 percent above its 52-week low.

Market capitalisation stands at Rs 725,565.60 crore.

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