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Buy Infosys, target price Rs 1920: BNP Paribas
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Synopsis
Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 669451.90 Crore) operating in IT Software sector.
AgenciesBNP Paribas Securities has buy call on Infosys with a target price of Rs 1920. The current market price of Infosys Ltd. is Rs 1616.25.
Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 669451.90 Crore) operating in IT Software sector.
Infosys Ltd. key Products/Revenue Segments include Software Products and Software Development Charges for the year ending 31-Mar-2024.
Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 40652.00 Crore, up 2.63 % from last quarter Total Income of Rs 39610.00 Crore and up 6.66 % from last year same quarter Total Income of Rs 38112.00 Crore. Company reported net profit after tax of Rs 7975.00 Crore in latest quarter.
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Promoter/FII Holdings
Promoters held 14.71 per cent stake in the company as of 31-Mar-2024, while FIIs owned 34.11 per cent, DIIs 35.56 per cent.
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