Buy Infosys, target price Rs 2100: Emkay Global

Emkay Global has buy call on Infosys Ltd. with a target price of Rs 2100. The current market price of Infosys Ltd. is Rs 1861.1. 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 791875.81 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 31-12-2021, the company reported a Consolidated Total Income of Rs 32379.00 Crore, up 7.48 % from last quarter Total Income of Rs 30126.00 Crore and up 22.01 % from last year same quarter Total Income of Rs 26538.00 Crore. Company reported net profit after tax of Rs 5822.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 13.12 per cent stake in the company as of 31-Dec-2021, while FIIs owned 33.17 per cent, DIIs 16.31 per cent.