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Wednesday, October 27, 2021

INFOSYS results better than anticipated, buy, sell or hold stock from brokerage

IT giant INFOSYS posted better results than the second quarter estimates. The company’s dollar revenue grew by about 6%. Profits grew by more than 4% while the company has also increased its revenue growth guidance to 17.5% for FY22. Know what is the opinion of brokerages on the stock-

BROKERAGES ON INFOSYS

CLSA’s opinion on INFOSYS

CLSA has given Buy rating on INFOSYS and has a target of Rs 2060 for the stock. He says the company’s results are showing signs of strong demand. They have raised its EPS estimate for FY22/23 by 1%.

Opinion of GOLDMAN SACHS on INFOSYS

GOLDMAN SACHS has a Buy rating on INFOSYS and has a target of Rs 2,149 for the stock. He says the company’s results have been better than expected in terms of margins and execution. This company is one of the fastest growing companies in largecap IT. They raised its revenue estimates, but cut margins. At the same time, the EPS estimate for FY22-26 has been revised from -2% to +2%.

UBS’s opinion on INFOSYS

UBS has given Neutral Rating on INFOSYS and has a target of Rs 1820 for the stock. He says that the company’s Q2 margins are positive and concerns about TCV remain. Margins have been better than expected despite the salary hike by the company.

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MACQUARIE’s Opinion on INFOSYS

MACQUARIE has outperformed rating on INFOSYS and has a target of Rs 2190 for the stock. He says that the company’s Q2 margin is better than the estimate and has raised the EPS estimate for FY22 by 1%.

MORGAN STANLEY’s opinion on INFOSYS

MORGAN STANLEY has an Overweight Rating on INFOSYS and has a target of Rs.1920 for the Share. He says Q2 is strong in terms of revenue and margins. On the other hand, deals for the H2 have been sluggish and there are concerns about attrition.

CREDIT SUISSE Opinion on INFOSYS

CREDIT SUISSE has given OutPerform Rating on INFOSYS and has a target of Rs 2190 for the stock. He says that the company’s revenue growth has given a positive surprise. They have raised its EPS estimate for FY22-24 by 2.1-2.4%.

KOTAK INSTL EQ’s opinion on INFOSYS

KOTAK INSTL EQ has a Buy rating on INFOSYS and has a target of Rs 2000 for the stock. He says the company has been performing well in all respects and has raised its revenue growth forecast for FY22-24 by 1-1.5%.

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Shehnazhttps://www.businesskhabar.com/
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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