Buy Infosys, target price Rs 1140: Kotak Securities

Kotak Securities has given a buy rating to Infosys with a target price of Rs 1140. The share price moved down by 0.71 per cent from its previous close of Rs 1103.90. The stock’s last traded price is Rs 1097.10.

Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 470239.04 Crore) operating in IT Software sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 24570.00 Crore, up 3.82 % from last quarter Sales of Rs 23665.00 Crore and up 8.58 % from last year same quarter Sales of Rs 22629.00 Crore Company reported net profit after tax of Rs 4858.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 13.2 per cent stake in the company as of June 30, 2020, while FIIs held 30.5 per cent, DIIs 25.4 per cent and public and others 31 per cent.