{"id":101748,"date":"2023-04-20T12:15:00","date_gmt":"2023-04-20T06:45:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=101748"},"modified":"2023-04-20T13:06:41","modified_gmt":"2023-04-20T07:36:41","slug":"lic-increases-its-stake-in-this-it-giant-brokerage-sees-an-upside-of-33-in-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/lic-increases-its-stake-in-this-it-giant-brokerage-sees-an-upside-of-33-in-it\/","title":{"rendered":"LIC increases its stake in this IT giant; Brokerage sees an upside of 33%\u00a0in it"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2128209588\"><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>IT Giant Infosys Ltd recently presented its shareholding pattern for the quarter ending March 31, 2023, and the Life Insurance Corporation (LIC) increased its stake in the company.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2396578012\"><!-- 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>As per the shareholding pattern of the company, LIC holds 29,82,44,977 equity shares or 8.19 percent in Infosys as of March 31, 2023. This indicates that it has increased its stake from 7.71 percent or 28,13,85,267 shares held as of the December quarter of 2022.&nbsp;<\/p><p>At 11:42 AM on Thursday, Infosys\u2019 shares were trading marginally lower at \u20b9 1,231.35 apiece on the National Stock Exchange (NSE). In the past five days, it has lost 12.61 percent, led by a major fall following the announcement of its quarterly earnings and revenue guidance.&nbsp;<\/p><p>The company\u2019s revenue from operations rose 16 percent to \u20b9 37,441 crores for the quarter that ended on March 31, 2023, against \u20b9 32,276 crores in the corresponding quarter last year. Its profit grew 7.71 percent to 6,134.00 crores in the March quarter of the financial year 2023 from \u20b9 5695.00 crores reported in the same quarter a year ago.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3898521984\"><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>Infosys missed the street\u2019s expectations and further disappointed it, by saying that it expects constant currency revenue growth of 4-7 percent, which is lower than the 6-8 percent estimate.&nbsp;<\/p><p>Infosys is an IT company that provides consulting, technology, outsourcing and next-generation digital services. With a market capitalization of \u20b9 5,20,916 crores, it is a large-cap blue chip stock. It has a high return on equity of 31.97 percent, an ideal debt-to-equity ratio of 0.11 and a good dividend yield of 2.76 percent. Its shares were trading at a price-to-earnings ratio of 21.41, which is lower than the industry P\/E of 28.18, indicating that the stock might be undervalued, compared to its peers.&nbsp;<\/p><p>Meanwhile, ICICI Securities has a buy call on the shares of Infosys with a target price of \u20b9 1,641 apiece. This translates to an upside of 33.27 percent as compared to its share price of \u20b9 1,231.35.&nbsp;<\/p><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1613057014\"><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>IT Giant Infosys Ltd recently presented its shareholding pattern for the quarter ending March 31, 2023, and the Life Insurance Corporation (LIC) increased its stake in the company.&nbsp; As per the shareholding pattern of the company, LIC holds 29,82,44,977 equity shares or 8.19 percent in Infosys as of March 31, 2023. This indicates that it [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":23474,"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":[4865,31],"tags":[],"class_list":["post-101748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"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>LIC increases its stake in this IT giant; Brokerage sees an upside of 33%\u00a0in it - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/lic-increases-its-stake-in-this-it-giant-brokerage-sees-an-upside-of-33-in-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LIC increases its stake in this IT giant; Brokerage sees an upside of 33%\u00a0in it\" \/>\n<meta property=\"og:description\" content=\"IT Giant Infosys Ltd recently presented its shareholding pattern for the quarter ending March 31, 2023, and the Life Insurance Corporation (LIC) increased its stake in the company.&nbsp; As per the shareholding pattern of the company, LIC holds 29,82,44,977 equity shares or 8.19 percent in Infosys as of March 31, 2023. This indicates that it [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/lic-increases-its-stake-in-this-it-giant-brokerage-sees-an-upside-of-33-in-it\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-20T06:45:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-20T07:36:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/LIC-2-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/LIC-2-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/lic-increases-its-stake-in-this-it-giant-brokerage-sees-an-upside-of-33-in-it\/\",\"url\":\"https:\/\/tradebrains.in\/features\/lic-increases-its-stake-in-this-it-giant-brokerage-sees-an-upside-of-33-in-it\/\",\"name\":\"LIC increases its stake in this IT giant; 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