Infosys Share Price is in the news, as the company announced its largest-ever share buyback worth Rs 18000 with a 19% premium. Should you buy, hold or sell these shares? Let’s check the company’s financials, recent news, target prices, and recommendations.
Infosys Share Price in The Market Today
As of today, 12th September, the Infosys Share Price is at Rs 1527.30. That is 1.17% up since the market opening, and touched a high of Rs 1542.90. The current UC limit is at Rs 1660.60 and the LC limit is at Rs 1358.80. The total market capitalization of the company stands around Rs 634,408 crores.
Company Financials
The first quarter financial report for Infosys is already out. It shows a jump of 7.54% in the total income of Rs 42279 crores. Operating profits were up by 6.21% to Rs 8803.00 crores, and profit after tax has also spiked by 8.68%. However, operating margins took a hit and shrank by 1.23%. All the figures are compared on a YoY basis.
Recent News About Infosys
- Infosys announced its largest-ever share buyback worth Rs 18,000 crore at 19% Premium over the previous day’s closing price. This boosted key financial metrics like EPS and ROE while providing tax-efficient returns to shareholders.
- Infosys secured a major 10-year AI transformation contract with HanesBrands Inc. This will surely drive more innovation and efficiency across HanesBrands’ operations.
Infosys Share Target Price
Being one of the top MNC’s of India, Infosys’ Share has multiple target price suggestions from the analysts and institutions. According to S&P Global, Morgan Stanley, these shares have a target price range between Rs 1740 and Rs 2085. Whereas, Consensus suggests a target price of Rs 1747.68 in the short term on the Trendlyne platform.
Recommendation on Buy or Sell
According to the moneycontrol website, 47% analysts suggest buying Infosys Shares. The remaining 27% suggest holding, and 2% suggest selling. On the other hand, Consensus analysts suggest buying these shares.
Disclaimer: All the information shared in this article is for informational purposes only. Any recommendations mentioned are made by individual analysts or experts. India Hood does not recommend Buy or Sell, nor will she be responsible. Investors are strongly advised to consult with certified experts before making any investment decisions.
