Key Points
Infosys shares crashed 11% on Monday after its Q4 earnings missed Street estimates as the Bengaluru-based company reported an 8% growth in its net profit at Rs 6,128 crore, while revenue from operations jumped 16% to Rs 37,441 crore..
An ET Now poll had projected the net profit to be around Rs 6,550 crore while the revenue figure was pegged at Rs 38,850 crore...
Despite calling Infosys January-March 2023 quarter results "shocking", Jefferies maintained a Buy on the second-largest IT services company for a price target of Rs 1,570..
Key risks include weaker revenue growth, lower margin, unfavourable currency and corporate action, the brokerage said.. Nomura: Neutral | Target: Rs 1,290 | Upside: 28%..
"We expect muted 1QFY24 with growth recovery in 2HFY24, led by large/mega deal revenue," the brokerage said.. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own..
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