Emkay Global has given a buy rating to Infosys with a target price of Rs 1360. The share price moved down by 0.66 per cent from its previous close of Rs 1136.10. The stock’s last traded price is Rs 1130.95.

Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 484265.88 Crore) operating in IT Software sector.

For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 24570.00 Crore, up 3.82 % from last quarter Sales of Rs 23665.00 Crore and up 8.58 % from last year same quarter Sales of Rs 22629.00 Crore. The Company reported net profit after tax of Rs 4858.00 Crore in latest quarter.


Investment Rationale
Infosys has delivered another quarter of industry-leading performance in Q2. It continues to outperform TCS in terms of revenue growth (likely to outgrow TCS in FY21 for second year in a row), with the margin differential also narrowing. The brokerage expects Infosys’ valuation gap with TCS to narrow down further on the back of sustained strong operating performance.

Promoter/FII Holdings
Promoters held 13.2 per cent stake in the company as of June 30, 2020, while FIIs held 30.5 per cent, DIIs 25.4 per cent and public and others 31 per cent.

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