Infosys Stock Rises by 1.93% After Positive Financial Report

Infosys, one of India’s leading IT consulting and services companies, saw its stock price rise by 1.93% today following the release of a positive financial report.

The stock opened at ₹1713.2 and closed at ₹1707.2, with a high of ₹1737.5 and a low of ₹1699.3 for the day. The market capitalization of Infosys stood at ₹714615.64 crores. Notably, Infosys hit a 52-week high of ₹1728.1.

According to the data, Infosys has a Mutual Fund (MF) holding of 15.35% and a Foreign Institutional Investor (FII) holding of 34.10% as per the filings from the most recent quarter. The MF holding has shown an increase from 14.77% in the previous quarter, while the FII holding has increased from 33.69%.

In terms of financial performance, Infosys achieved a remarkable Return on Equity (ROE) of 32.08% in the last fiscal year. The Return on Investment (ROI) value was reported as 28.39% in the same period. Consensus estimates project an ROE of 28.94% in the current fiscal year and 30.18% in the upcoming fiscal year.

When looking at the company’s financial growth, Infosys has shown an EPS growth of 11.61% and a revenue growth of 15.22% over the past three years. The revenue for the most recent fiscal year was recorded at ₹1536700.00 crores, slightly higher than the previous year. Projections suggest a revenue growth of 2.59% and a profit growth of 5.18% in the upcoming quarter.

The analyst recommendation trend for Infosys currently stands at a Buy rating. The stock has been performing well in the market, reflecting positive investor sentiment and confidence in the company’s financial outlook.