Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 481867.23 Crore) operating in IT Software sector.
By ETMarkets.com | Updated:
Agencies
Promoters held 13 per cent stake in the company as of Sept 30, 2020, while FIIs held 31.7 per cent, DIIs 25 per cent and public and others 30.4 per cent.
Motilal Oswal has given a buy rating to Infosys with a target price of Rs 1355. The share price moved up by 1.19 per cent from its previous close of Rs 1122.60. The stock’s last traded price is Rs 1135.95.
Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 481867.23 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.
Investment Rationale Infosys should narrow the divergence in its valuation with TCS to 10%. The stock is currently trading at 21x FY22 EPS. The brokerage values the stock at 25x FY22E EPS (10% discount to TCS).
Promoter/FII Holdings Promoters held 13 per cent stake in the company as of Sept 30, 2020, while FIIs held 31.7 per cent, DIIs 25 per cent and public and others 30.4 per cent.
