Hold Infosys; target of Rs 2000: ICICI Direct

ICICI Direct recommended hold rating on Infosys with a target price of Rs 2000 in its research report dated April 17, 2022.

Broker Research

April 18, 2022 / 17:23 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 >58% of revenues from digital technologies • Dividend payout (>80%), margins (>20%) and RoCE (>31%) key positives.

Outlook

We revise our rating on the stock from BUY to HOLD. We value Infosys at Rs 2,000 i.e. 28x P/E on FY24E EPS.

For all recommendations report, click here

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Broker Research

first published: Apr 18, 2022 05:23 pm

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