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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