Buy for ₹1,595. Target to be achieved within 1 year.
Infosys Ltd. is a large cap company assimilated in the year 1981. The market capitalization of Infosys exceeds ₹66,000 crores. The company operates in the IT sector, and is a part of NIFTY IT index.
In the 4th quarter of 2020-2021, Infosys Ltd. posted a total consolidated income of ₹26,856 crore. Last quarter total consolidated income was ₹26,538 crore, which is 1.2% less than this quarter, and last year total consolidated income was ₹ 23,881 crore, which is 12.46% less than this quarter. The bottom line of the company stood at ₹5,078 crore in the 4th quarter.
Promoters held 12.95% shares in the quarter ended 31st March, 2021. FII’s held a whopping 32.67% shares, while DII’s held 23.10% shares, indicating that majority of the share holding in under strong hands. Others held 31.28% shares in the company.
Axis Direct – ₹1,620
Prabhudas Lilladhar – ₹1,632
Ashika Research – ₹1,610
Geojit BNP Paribas – ₹1,614
HDFC Securities – ₹1,540
ICICI Securities – ₹1,650