(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. Price target at Rs 1,590 vs Rs 1,910 earlier," it said. We now value Infosys at 22x FY25 EPS (25x earlier), 20% discount to our TCS target multiple on lower growth and margins assumptions. Our bear case analysis implies PAT estimate cut of 9-10%. We are now forecasting dollar revenue growth of 6/11% with 21.5%/21.5% EBIT margins in FY24/25. "We cut our FY24/25 PAT estimates by 5-6% on sharp miss in Q4. PhillipCapital maintained a buy on Infosys while reducing the price target. The target has been revised downwards from Rs 1,900 to Rs 1,610. It said that while there is near-term pain, long-term thesis remains intact. "Over the medium-to-long term though, we expect Infosys to benefit from the strong demand environment," Nuwamam said recommending a buy.
Despite Infosys’s cautious outlook on a few verticals, it believes its strength in managing the twin journeys of digital transformation (Cobalt) and cost takeout will drive growth leadership. BOB Capital Markets: Buy | Target: Rs 1,760īoB Caps maintained a 'Buy' rating and continued to value the stock at 20.5X FY25E EPS, translating to an unchanged target of Rs 1,760.
At the CMP the stock trades at 23.4X its FY2024E EPS and 21.7x its FY2025E EPS," Sharekhan said. "Hence, we downgrade the stock to hold with a revised price target of Rs 1,500. Given the weak quarterly numbers and uncertain macro backdrop, we expect the stock to underperform, it said. Further, the quarterly ask rate of 1.7-2.8% for FY24 cc revenue guidance of 4-7%, appears steep given tough near-term macro environment, the brokerage firm noted. Weak management commentary coupled with recent top-level exits fail to instil confidence in the near-term business outlook amid an uncertain demand environment, it said. Sharekhan downgraded Infosys stock to 'Hold' with a revised target price of Rs 1,500. "We expect muted 1QFY24 with growth recovery in 2HFY24, led by large/mega deal revenue," the brokerage said. Though it maintained a 'Buy' with a FV of Rs 1,470 (Rs 1,700 earlier), valuing the company at 20X FY2025E EPS. Kotak Institutional Equities cuts its revenue growth and margin estimates, leading to a 6-7% cut to FY2024-25E EPS. Kotak Institutional Securities: Buy | Target: Rs 1,470 | Upside: 6%.Get details on Infosys Ltd news, dividends, financial report, shareholding, company profile, annual report, quarterly results, profit and loss account, results and more. Recent senior-level exits and the possibility of continued stress from large accounts are risks to growth, it added. This page features historic data for the Infosys Ltd share (INFY) as well as the closing price, open, high, low, change and change. Infosys Ltd Stock/Share prices today, Infosys Ltd Live BSE/NSE.
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