1622.9000 4.50 (0.28%)
NSE Jun 20, 2025 15:31 PM
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Infosys Ltd.
15 Apr 2021
1622.90
0.28%
Prabhudas Lilladhar
continued to grow at strong rate of34.4% YoY CC. Manufacturing (+6.1% QoQ wins of $2.1 Bn taking FY21 order book to $14.1 Bn, +57% YoY. Management has guided 12-14% YoY CC growth in line with consensus estimates. Infy reported margin of 24.5%, -100bps QoQ, +330 bps YoY (Ple: 24%, Cons:24%), 50 bps higher than our estimates, led by better utilization (82.2%) and lower than expected hike impact (130bps). Management mentioned that aggressive hiring will reduce utilization and reduce supply side pressures. Hiring for the quarter was strong at 10,307 net addition and they plan to hire...
Infosys Ltd. is trading above its 50 day SMA of 1538.2
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