Given the company's medium-term challenges on demand and uncertain supply-side constraints, we expect Infosys to report sluggish growth in FY24. We recommend investors SELL on the stock until uncertainties settle down.

Infosys Ltd. is trading above its 30 day SMA of 1498.0

Infosys Ltd.

11 Sep 2023

1508.30

-0.21%

Axis Annual Analysis:Infosys

Sell: Infosys Ltd.

Axis Direct

We recommend a SELL rating on the stock and assign a 20 x P/E multiple to its FY25E earnings of Rs 63.7/share to arrive at a TP of Rs 1,300/share, implying an downside of 11.5% from the CMP.

Infosys Ltd. is trading above its 30 day SMA of 1498.0

Infosys Ltd.

24 Jul 2023

1508.30

-0.21%

Infosys

Results Update: Infosys Ltd.

SMC online

Infosys Ltd. has an average target of 1741.91 from 11 brokers.

Infosys Ltd.

22 Jul 2023

1508.30

-0.21%

Weak performance due to delay in deal closure

Accumulate: Infosys Ltd.

Recommendation Target

KRChoksey

INFY reported subdued Q1FY24 results, primarily attributed to a slowdown in discretionary spending and a decrease in project activity. As a consequence of delays in converting large deals, Infosys has revised its revenue guidance for FY24E from 4-7% to 1-3.5%.

Infosys Ltd. is trading above its 30 day SMA of 1498.0

Infosys Ltd.

21 Jul 2023

1508.30

-0.21%

Result Update:Infosys

Sell: Infosys Ltd.

Target

Axis Direct

Given the company's medium-term challenges on demand and uncertain supply-side constraints, we expect Infosys to report moderate growth in FY24. We recommend investors SELL on the stock until uncertainties settle down.

Number of FII/FPI investors increased from 1758 to 1775 in Mar 2025 qtr.

Infosys Ltd.

21 Jul 2023

1508.30

-0.21%

FY24E growth likely to be weakest since FY01 ex-GFC, and even worse than covid year; downgrade to HOLD

Hold: Infosys Ltd.

Recommendation Target

ICICI Securities Limited

Infosys reported a largely in-line operating performance, but cut in FY24 revenue guidance is a negative surprise. Revenue grew 1% QoQ CC (I-Sec: 0.8%, cons: 0.8%) and 4.2% YoY CC led by strong growth in manufacturing, partially offset by weakness in BFSI, retail and communication.

Infosys Ltd. has lost -21.26% in the last 3 Months

Is Infosys Ltd. worth buying?

4010 Votes:

Buy 76.16%

Sell 11.22%

Hold 12.62%

RESEARCH REPORTS

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