We value the stock at 28 times FY24E EPS, implying a target price of Rs 2,000," Motilal Oswal said.ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. Based on our revised estimates, the stock is currently trading at 25 times FY24 EPS. We expect it to be a key beneficiary of an acceleration in IT spending. The country's second largest information technology company is planning to buy back shares at Rs 1,850 per share which is 15. “We expect Infosys to deliver margin on the higher side of its guidance band, with strong growth and reduced dependence on sub-contractors as attrition falls. Infosys' share buyback offer worth Rs 9,300 crore began on Wednesday. 450 each to Foreign Institutional Investors (FIIs), Financial Institutions. In October 1994, Infosys made a private placement of 5,50,000 shares at Rs. 145 per share compared to the IPO price of Rs. Motilal Oswal Securities sees the stock at Rs 2,000. Infosys made an initial public offer in February 1993 and was listed on stock exchanges in India in June 1993. Digital revenue grew at 38.8 per cent YoY in CC terms and accounted for 59.2 per cent of the total revenue. Infosys - Stock Incentives Grant To Eligible Employees. Attrition inched up to 27.7 per cent due to a higher base. Infosys - Infosys Finacle Powers Xacbank'S Digital Transformation Journey. Margins for Infosys declined 200 bps sequentially to 21.5 per cent in March quarter, mainly due to supply-side pressure, higher subcontracting cost, fewer working days and lower utilisation. 8 hours ago &0183 &32 The payout will be given along with the salary for May. Similarly, it reported a 12 per cent year-on-year rise in net profit, compared to 7.4 per cent for TCS. Infosys said its revenue growth was 22.7 per cent year-on-year compared to 15.75 per cent for TCS. The March quarter numbers, it said, disappointed on most parameters, with revenue growth at 1.2 per cent sequentially in constant currency terms missing consensus estimate of 3 per cent, growth partly due to a one-off client-specific issue.ĮBIT margin of 21.5 per cent also fell below consensus estimate of 23.2 per cent, it noted. Nomura India said FY23 CC revenue guidance for Infosys at 13-15 per cent was ahead of Street estimates but margin guidance at 21-23 per cent fell short of it. Infosys Ltd ADR (INFY) Price & News - Google Finance Home INFY NYSE Infosys Ltd ADR Follow Share 15.11 Pre-market: 15.00 (0.73) -0.11 Closed: May 17, 4:01:07 AM GMT-4 USD NYSE. We maintain Buy with a revised target of Rs 1,970 at 28 times March 2024 EPS, considering broad-based demand, steady market share gain and robust cash generation,” it said. “The operating performance miss would weigh on the stock in the near term. Net result is EPS cut of 2-4 per cent for FY2023-24, never a welcome prospect," Kotak said while suggesting a fresh target of Rs 1,975.Įmkay Global has cut its FY23 EPS estimate by 7.2 per cent and FY24 estimates by 4.9 per cent, factoring in the Q4 miss and lower margin guidance. "Front-ended revenue growth guidance of 13-15% impressed, while timing and quantum mismatch between headwinds and tailwinds has led to a reset in the EBIT margin band to 21-23 per cent. Now all of a sudden it Only shows up in a totally different state and with exact name search. Is there something I could do to send signals to Google to show that I am in Matthews, NC?Ģ months ago my listing quit showing up at all unless you typed exact business name What could possibly cause my listing or Google to do this? I have been without my listing for a few months now and have NO calls coming in from it. If you search Locksmith Independence, KS it shows up on the maps. If you search Locksmith Matthews, NC my listing does not show up at all. Keep in mind the GMB is in Matthews, NC All my service areas and the actual map show the correct areas. NEW DELHI: Shares of Infosys on Monday saw their steepest daily fall in two years after the IT major's fourth quarter results failed analysts on many parameters, leading to both earnings downgrades and target price cuts. Now if I search my business name under the auto populate I see it with Independence, KS on the listing. The attrition rate, a key metric watched by analysts in IT forms, dropped to 20.9 per cent in the fourth quarter as compared to the previous quarter of. The company's headcount stands at 3,43,234 as of March 31, 2023. I pretty much do not have any traffic, views or calls now. Infosys' headcount growth for the year 2022-2023 was 29,219 employees, down 46 percent from last year’s net addition of 54,396. Updated:, 08:08 AM IST Livemint Infosys Infosys' stock opened at 1265 and reached a high of 1273.5 before dipping. Posted about my SAB listing a few weeks ago about not showing up in search only when you entered the exact name. Infosys Share Price Live blog for 1 min read.
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