Business
Infosys Stock Shows Resilience With Positive Growth Trends
The stock of Infosys has demonstrated resilience in the market, showcasing positive growth trends amidst a dynamic economic landscape. Today, Infosys closed at ₹1759.15, marking a 1.93% increase from the previous day’s close of ₹1725.8. The company’s market capitalization stood at ₹714615.64 cr, reflecting a robust investor confidence.
On the previous trading day, Infosys opened at ₹1713.2 and closed at ₹1707.2. The stock witnessed a high of ₹1737.5 and a low of ₹1699.3 during the day’s trading session. The 52-week high and low for Infosys were recorded at ₹1728.1 and ₹1304.24, respectively.
Notable institutional holdings in Infosys include a 15.35% Mutual Fund (MF) holding and a 34.10% Foreign Institutional Investor (FII) holding. The MF holding saw a marginal increase from 14.77% in the previous quarter to 15.35% in the most recent filings. Similarly, the FII holding also rose from 33.69% to 34.10% during the same period.
Financial performance indicators reveal a strong showing by Infosys, with a Return on Equity (ROE) of 32.08% in the last fiscal year. The Return on Investment (ROI) figure stood at 28.39% for the same period. Analyst consensus estimates project an ROE of 28.94% for the current fiscal year and 30.18% for the upcoming fiscal year.
Over the past three years, Infosys has demonstrated an impressive EPS growth of 11.61% and a revenue growth of 15.22%. With a revenue of ₹1536700.00 cr in the last twelve months, the company shows a consistent revenue performance. Projections suggest a revenue growth of 2.59% and a profit growth of 5.18% for the first quarter.
Analyst recommendations reaffirm investor confidence in Infosys, with the current rating standing at ‘Buy’. The stock’s stable performance, coupled with positive growth trends, positions Infosys as a key player in the business landscape, attracting investor interest and market attention.