Infosys Stock

Infosys is taking these steps to minimise inter-city travel for its employees and provide them with greater flexibility

Mohit Joshi has joined Tech Mahindra as its CEO and MD. Experts have said that the development is consequential given the macroeconomic circumstances

Infosys Q3 review: The company is likely to benefit from vendor consolidation opportunities, gain market share and see margin expansion going ahead, say analysts

Recently, HCL Technologies said that its FY23 revenue could be at the lower end of the guidance; Credit Suisse warned valuation-led correction in these stocks amid US macro headwinds.

Investors though should be selective; analysts more positive on Infosys and Persistent Systems

Market players said buyback will support the stock price in the interim

Shares of Infosys climbed 4 per cent on Friday after the company posted better-than-expected 11 per cent rise in consolidated net profit for the September quarter and announced buyback of shares. Shares of the company went higher by 3.82 per cent to settle at Rs 1,474.05 on the BSE. During the day, it jumped 5.22 per cent to Rs 1,494. On the NSE, it climbed 4.02 per cent to end at Rs 1,477. It was the biggest gainer among the Sensex and Nifty components. The company's market valuation jumped Rs 22,878.82 crore to Rs 6,20,254.82 crore. In traded volume terms, 5.20 lakh shares of the company were traded on the BSE and over 1.49 crore shares on the NSE during the day. Other IT stocks like HCL Technologies and Tech Mahindra also ended higher. The 30-share BSE index jumped 684.64 points or 1.20 per cent to at 57,919.97 points. On Thursday, Infosys reported an 11 per cent rise in consolidated net profit at Rs 6,021 crore for the September quarter and announced buyback of shares worth

The IT major has increased the lower end of the revenue guidance keeping upper end constant i.e. revenue guidance changed from 14-16 per cent to 15-16 per cent in constant currency terms.

Bloomberg had estimated revenue to be Rs 36,564 crore and net profit at Rs 5,902 crore

Infosys Q2 results preview: The company's margins are expected to improve by around 30 basis points (bps) on a quarterly basis (QoQ) to 20.3 per cent vs 20.1 per cent in Q1FY23 and 21.5 per cent in Q4

However, they have not specified the quantum of the buyback the company could announce. Infosys is scheduled to announce its Q2-FY23 numbers on October 12

The Bengaluru-based IT major saw its revenue rise 23 per cent to Rs 32,276 crore in the recently concluded quarter, as against Rs 26,311 crore in the previous corresponding period

Realty index surges over 3%; Wipro reports Q3 net profit flat at Rs 2,969 cr, declares interim dividend of Re 1; Infosys Q3 PAT rises 12% to Rs 5,809 cr, raises FY22 revenue guidance

A red flag gets activated whenever the foreign shareholding is less than 3 per cent of the permissible limit, which in HDFC Bank's case is 74 per cent

Street expects an upward revision in growth guidance; valuation divergence with TCS to narrow

IT firm reports total contract value for FY21 of $14.1 billion, an all-time high

Infosys Q4FY21 preview: The company board will also consider a share buyback during a meeting on April 14. Following this development, the stock had hit a 52-week high of Rs 1,480 on the BSE on Monday

While double-digit growth in FY22 is a given, near term margins could come under pressure

Sharp Q2 outperformance, growth guidance could shrink the discount to 10 per cent from 30% at the start of the year

While the company's revenue grew by 8.5 per cent year-on-year to Rs 23,665 crore, its profit before tax (pre-tax profit) was up by 12.1 per cent year-on-year