1344.95 -25.55 (-1.86%)

New 52W High in past week

15.0M Volume

NSEJan 15, 2021 03:31 PM



Infosys Ltd.    
14 Jan 2021, 12:00AM
1344.95
-1.86%
buy
ICICI Securities Limited
Digital acceleration, large deal continue to be growth drivers We believe the technology sector will witness multi-year growth in coming years led by traction in digital technologies. Infosys is in a sweet spot to capture this growth considering the investment it has made in digital technologies. This, coupled with 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 executed well on large deal conversion and is expected to be a key driver of...
Infosys Ltd. has gained 75.23% in the last 1 Year
Infosys Ltd.    
14 Jan 2021, 12:00AM
1344.95
-1.86%
Motilal Oswal
Infosys (INFO) reported constant currency (CC) USD revenue growth of 5.3% QoQ (v/s our estimate of 3.2%) in 3QFY21. This is its best QoQ growth in the last eight years. Growth was broad-based across verticals and regions. In 9MFY21, revenue (USD)/EBIT/PAT grew by 3.8%/26%/16.4%. The company reported its best ever TCV of USD 7.1b (net new wins of 73%), 2x book-to-bill, and above the combined TCV of the last three quarters....
Infosys Ltd. is trading above all available SMAs
Infosys Ltd.    
14 Jan 2021, 12:00AM
1344.95
-1.86%
buy
Axis Direct
We recommend BUY and assign 26x P/E multiple to its FY23E earnings of Rs. 63.1 per share which gives a TP of Rs. 1,666 per share, an upside of 20%.
Infosys Ltd. has gained 21.36% in the last 3 Months
Infosys Ltd.    
14 Jan 2021, 12:00AM
1344.95
-1.86%
Prabhudas Lilladhar
Infy reported phenomenal revenue growth of +5.3% QoQ CC, beating our expectations by 2.4%. Growth beat was driven by revenue gains by strong deal TCV of 1HFY21 and earlier quarters. Digital revenues grew by 31.3% YoY CC and contributing to 50.1% to total revenues (vs 47.3% in 2Q21 and 44.5% in 1Q21). Revenue growth was broad based led by 9.8% QoQ USD rise in BFSI (led by ramp up of Vanguard deal) 10.8% QoQ USD rise in Life Sciences and 8.5% QoQ rise in Manufacturing. Infy posted a strong margin of 25.4% (Ple: 24.9%, Cons:25.1%). Improving onsite pyramid, offshore and nearshore mix,...
Infosys Ltd. has gained 75.23% in the last 1 Year
Infosys Ltd.    
14 Jan 2021, 12:00AM
1344.95
-1.86%
Nirmal Bang Institutional
Blockbuster TCV and net new likely to drive mid-teen FY22 growth While there are many aspects of Infosys' 3QFY21 performance that seem superlative, none is greater than the highest ever large deal TCV number of US$7.1bn, of which 73% was net new. This includes the largest ever deal in the history of Indian IT Services industry (Daimler deal worth ~US$3.2bn spread over 8 years, according to media). TTM net new TCV is up 2.8x YoY and should drive mid-teen growth in FY22, which should support the elevated valuation. 3QFY21 QoQ revenue growth in CC terms came at an 8-year high of 5.3% (against our estimate of 2.5%) with the Vanguard deal kicking in. Margin held up (against expectation of a decline)...
Infosys Ltd. has gained 21.36% in the last 3 Months
Infosys Ltd.    
13 Jan 2021
1344.95
-1.86%
BOB Capital Markets Ltd.
Infosys' (INFO) Q3FY21 dollar revenue growth of 6.2% QoQ beat our estimate of 3.5%, with the company also posting its highest-ever TCV of US$ 7.1bn.
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Infosys Ltd. has an average target of 1305.40 from 16 brokers.
Infosys Ltd.    
13 Jan 2021
1344.95
-1.86%
Emkay
Infosys delivered another stellar quarter, beating our and consensus estimates on revenues and margins. Revenues grew 6.2% QoQ (highest in Q3 in 8 years) to USD3.5bn. Digital revenues rose 12.4%/33.8% QoQ/YoY, contributing over 50% of overall revenues. Infosys raised its FY21 revenue growth guidance to 4.5-5% in cc terms (earlier 2-3%) and EBITM guidance range to 24-24.5% (earlier 23-24%) based on 9M performance and robust deal wins. Revenue guidance implies 0.5-2.5% QoQ growth in Q4. signed in YTD FY21 was ~USD12bn (+63% YoY) with net new deal wins of USD8.2bn (~3.3x YoY). The deal pipeline is healthy (tad lighter after strong conversions in Q2/Q3)....
Infosys Ltd. is trading above all available SMAs
Infosys Ltd.    
29 Dec 2020
1344.95
-1.86%
buy
ICICI Securities Limited
Rising adoption of smartphones, high internet speed and social distancing (due to Covid-19) has changed consumer behaviour. Consumers now prefer to transact (buy a product) virtually over the smartphone via an app instead of physical transaction. This has led to virtualisation of business models. In addition, to keep business up and running in a work from home scenario, technology is gaining traction. As a result, new age technologies like cybersecurity (to protect business from work from home scenario), app development (to help customer transact virtually) and Cloud (to enable...
Infosys Ltd. has gained 16.49% in the last 1 Month
Infosys Ltd.    
23 Dec 2020
1344.95
-1.86%
buy
Axis Direct
We recommend BUY and assign 24x P/E multiple to its FY23Eearnings of Rs. 58.5 per share which gives a TP of Rs. 1,404 per share, an upside of 15%.
Nirmal Bang Institutional increased Accumulate price target of Infosys Ltd. to 1446.0 on 14 Jan, 2021.
Infosys Ltd.    
23 Dec 2020
1344.95
-1.86%
Prabhudas Lilladhar
Infosys has not announced size of the deal but we expect the size to be substantial as it involves multiple deliverables. Daimler and Infosys Announce Strategic Partnership to Drive Hybrid Cloudpowered Innovation & IT Infrastructure Transformation in the Automotive...
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Infosys Ltd. has an average target of 1305.40 from 16 brokers.