Buy Infosys, target price Rs 1780: HDFC Securities

HDFC Securities has buy call on Infosys with a target price of Rs 1780. The current market price of Infosys Ltd. is Rs 1733.35. Time period given by analyst is one year when Infosys Ltd. price can reach defined target.

Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 738291.22 Crore) operating in IT Software sector.

Infosys Ltd. key Products/Revenue Segments include Software Development Charges and Software Products for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 28518.00 Crore, up 6.19 % from last quarter Total Income of Rs 26856.00 Crore and up 18.14 % from last year same quarter Total Income of Rs 24140.00 Crore. Company reported net profit after tax of Rs 5201.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 13 per cent stake in the company as of Dec 30, 2020, while FIIs held 32.6 per cent, DIIs 23.8 per cent and public and others 30.7 per cent.