{"id":101190,"date":"2023-04-17T12:29:00","date_gmt":"2023-04-17T06:59:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=101190"},"modified":"2023-04-17T12:24:51","modified_gmt":"2023-04-17T06:54:51","slug":"fundamentally-strong-stock-down-by-10-after-q4-result-analyst-sees-an-upside-of-30","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fundamentally-strong-stock-down-by-10-after-q4-result-analyst-sees-an-upside-of-30\/","title":{"rendered":"Fundamentally strong stock down by 10% after Q4 result; Analyst sees an upside of 30%\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1054796020\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Infosys Ltd shares witnessed a deep fall in stock prices after the ADR effects in US markets past week. The stock is down around 11 percent today trading at a price of Rs 1,237. It hit the 52-week low mark today at Rs 1,185.30. In the last five trading sessions itself, the stock has dipped around 13 percent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1614679021\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Looking at the Nifty IT index, the same is exhibiting a downfall of about 5.5 percent and currently stands at Rs 26,780. The company is fundamentally strong company but has seen such movements because of the bearish sentiments in the markets circling the results not meeting the expectations set.&nbsp;<\/p><p><strong>ICICI Direct came up with a \u2018Buy\u2019 recommendation on the stock with a target price of<\/strong><strong> <\/strong><strong>Rs 1,600 indicating an upside of around 30 percent as compared to the current price<\/strong><strong> levels.&nbsp;<\/strong><\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/INFY\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Infosys<\/a><\/strong> is a leading global IT services provider leveraging its offshore outsourcing model leading to more than 60 percent of revenues from the North American segment. The company mainly offers traditional IT services such as managed services and cloud infrastructure services, consultancy, and business process outsourcing as a service (BPaaS).\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-116871779\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Quickly going through the financials, the company, during FY22-23, has seen a reduction in revenues and net profits. Revenues have moved from Rs 38,320 crores in Q3 to Rs 37,440 crores in Q4. Net profit figures, in congruence with the pattern showed by revenues, have moved down from Rs 6,590 crores in Q3 to Rs 6,135 crores in Q4.&nbsp;<\/p><p>Despite the above fall in numbers, the company has been able to maintain good profitability metrics with growth in ROE and ROCE percentages. ROE of the company shifted from 29.39 percent in FY21-22 to 32.3 percent during FY22-23. Moreover, the ROCE numbers moved from 39.96 percent in FY21-22 to 44.58 percent in FY22-23.&nbsp;<\/p><p>As per the data available for Q3 FY22-23, the company\u2019s promoters hold a 15.11 percent stake, whereas, FIIs hold a 36.28 percent in the company.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2894595616\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Infosys Ltd shares witnessed a deep fall in stock prices after the ADR effects in US markets past week. The stock is down around 11 percent today trading at a price of Rs 1,237. It hit the 52-week low mark today at Rs 1,185.30. In the last five trading sessions itself, the stock has dipped [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":50355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[8549,8550,5904,4780,5903,4619,8545,8547,8484,5457,8544,8548,948,936,8546,8498],"class_list":["post-101190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-fundamentally-strong-it-stock","tag-fundamentally-strong-it-stock-to-watch","tag-fundamentally-strong-stocks-2023","tag-fundamentally-strong-stocks-to-buy","tag-fundamentally-strong-stocks-to-buy-now","tag-fundamentally-strong-stocks-to-watch","tag-infosys-at-52-week-low","tag-infosys-latest-news","tag-infosys-q4-results","tag-infosys-results-2023","tag-infosys-share-price","tag-infosys-target-2023","tag-stock-market","tag-stock-market-news","tag-what-is-the-future-of-infosys-2","tag-why-is-infosys-falling"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fundamentally strong stock down by 10% after Q4 result; Analyst sees an upside of 30%\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Looking at the Nifty IT index, the same is exhibiting a downfall of about 5.5 percent and currently stands at Rs 26,780. 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