Buy Infosys, target price Rs 2,335: Axis Securities

Axis Securities has a buy call on Infosys with a target price of Rs 2335. The current market price of Infosys Ltd. is Rs 1907. Infosys, incorporated in 1981, is a Large Cap company with a market cap of Rs 785939.11 crore, operating in IT Software sector.

Infosys' key products/revenue segments include Software Products and Software Development Charges for the year ending 31-Mar-2024.

Financials

For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 41698.00 crore, up 3.85% from last quarter Total Income of Rs 40153.00 crore and up 5.23% from last year same quarter Total Income of Rs 39626.00 crore. The company has reported net profit after tax of Rs 6516.00 crore in the latest quarter.

The company's top management includes Mr.Nandan M Nilekani, Ms.Helene Auriol Potier, Mr.Bobby Parikh, Ms.Chitra Nayak, Mr.Govind Iyer, Mr.Michael Gibbs, Mr.D Sundaram, Mr.Salil Parekh, Mr.Nandan M Nilekani, Mr.Nitin Paranjpe, Ms.Helene Auriol Potier, Mr.Bobby Parikh, Ms.Chitra Nayak, Mr.Govind Iyer, Mr.Michael Gibbs, Mr.D Sundaram, Mr.Salil Parekh, Mr.Nitin Paranjpe. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-09-2024, the company has a total of 415 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 14.43 per cent stake in the company as of 30-Sep-2024, while FIIs owned 33.28 per cent, DIIs 37.76 per cent.