Should You Invest In Infosys Stock
On Friday, Infosys presented its December quarter results, in which the company’s profit has increased to Rs 4457 crore. After the results, Infosys shares are seeing great rise today or on Monday. Infosys shares have risen more than 4 percent to reach the price of around Rs 770. However, after the results of Infosys, brokerage houses have different opinions about investing in shares. Some have advised to invest in shares, some have held and some have given a neutral rating.
Infosys stock opened at Rs 738 on BSE on Friday. At the same time, it opened at a price of Rs 763 today. In a short time, this 4 Fahsadi strengthened to reach the price of Rs 769.80. Talking about the last 1 year, the performance of the stock has remained flat. At the same time, the stock has declined slightly in the last 3 months.
How was the company’s quarterly results
In the third quarter of FY 2020, Infosys’ profit grew by 11 percent to Rs 4457 crore on a quarterly basis. During this time, the company has increased the revenue growth guidance to 10-10.5 percent. Infosys retains EBIT operating margin guidance range of 21-23 per cent. Revenue in the rupee terms has increased by about 2 per cent on a quarterly basis to Rs 230932 crore. Operating margin has been 21.90 per cent. Digital growth of Infosys has been 40.8 percent on an annual basis. Constant currency growth has been 9.5 per cent on an annual basis. Whereas 1 per cent on a quarterly basis. During this time, the company received new orders of $ 180 million.
What is the opinion of brokerage on investment
Brokerage house Motilal Oswal has given a target of Rs 870, while recommending investment in Infosys shares. In Friday’s closing price of Rs 738, it can get 18 percent growth. The brokerage says that the audit committee has given a clean chit on the management issue, which are good signs. Quarterly results of the company have remained as expected. The brokerage upgraded EPAS to 2% -3% for FY20-22.
At the same time, brokerage house MK Global has given a hold rating for the stock, giving a target of Rs 785. The brokerage house HSBC has recommended a buy target of Rs 810 in the stock. While Goldman Sachs, giving a neutral rating, has given a target of Rs 718. Credit Suisse has given an underperform rating for the stock.Get Business News, Latest India News, Sports News and other Breaking News on Investment Schemes, Share Market and much more on 24 x 7 News. We are happy to provide you best news happening around