1622.9000 4.50 (0.28%)
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Infosys Ltd.
15 Apr 2021
1622.90
0.28%
ICICI Securities Limited
Improving IT spend, large deal momentum key positive We expect IT spends to improve led by cloud migration, increased spend by companies in customer & employee experience (P&L; led investment) and ancillary technologies like AI, IOT, data analytics. Infosys is in a sweet spot to capture this growth considering the investment it has made in digital technologies. This, coupled with an increase in outsourcing in the US and Europe, vendor consolidation opportunities, captive carve outs and cost take out deals will further boost its revenues. In addition, Infosys has...
Infosys Ltd. has an average target of 1684.64 from 11 brokers.
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