{"id":68262,"date":"2022-10-14T17:13:00","date_gmt":"2022-10-14T11:43:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=68262"},"modified":"2022-10-14T18:41:26","modified_gmt":"2022-10-14T13:11:26","slug":"analysts-eye-more-growth-ahead-for-infy-after-good-q2-results","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/analysts-eye-more-growth-ahead-for-infy-after-good-q2-results\/","title":{"rendered":"Analysts eye more growth ahead for INFY after good Q2 results\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3023559557\"><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>The shares of IT-major Infosys Ltd. shot up more than 5% today on the bourses to touch their day\u2019s high of Rs. 1,494. The stock came down slightly and eventually closed at Rs. 1,477 per share, up 4.02% for the day.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1887912641\"><!-- 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>The surge in stock price comes after India\u2019s second-largest IT services company clocked a better-than-expected 11% year-on-year (Y-o-Y) jump in consolidated net profit at Rs. 6,021 crores for the quarter ending September 2022.&nbsp;<\/p><p>Operational revenue climbed to Rs. 36,538 crores, registering an impressive growth of 23.4% from Rs. 29,602 crores during the same period last year (Q2FY22). On a quarter-on-quarter basis, it increased by 6% while profits advanced by 12.3%.&nbsp;<\/p><p>As for the revenues in constant currency terms, they rose by 18.8% Y-o-Y and 4% Q-o-Q. Digital revenues during the quarter accounted for 61.8% of the total revenues, rising 31.2% Y-o-Y in constant currency.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3671737230\"><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>At $ 2.7 billion, the total contract value (TCV) stood highest in the last seven quarters. The management has raised FY23 guidance for revenue to 15-16% from 14-16% earlier.&nbsp;<\/p><p>The board has announced an interim dividend of Rs. 16.50 per share making the interim dividend payout Rs. 6,940 crores. During the quarter, the operating margin improved sequentially by 1.4% to 21.5%.&nbsp;<\/p><p>In addition to this, the company also announced a buyback of shares via an open market route. Shares worth Rs. 9,300 will be purchased for a price of up to Rs. 1,850 a piece.&nbsp;<\/p><p>Updating on the results, global brokerage firm Jefferies commented, \u201cInfsoys&#8217; Q2 results were above estimates driven by margin expansion. Deal wins at a seven-quarter high and healthy hiring trends offer comfort on growth. Infosys&#8217; strong deal bookings and consistent execution provide comfort amidst an uncertain macro. While valuations at 23x are still at a premium to 10-year average levels of 19x, we believe it is justified given the superior growth outlook.\u201d&nbsp;<\/p><p>Analysts at Edelweiss have set a price target of Rs. 1,891 per share for Infosys stock. This translates to a potential upside of 28% for the investors.&nbsp;<\/p><p><strong>Written by Vikalp Mishra&nbsp;<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-1072526945\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><div class=\"trade-after-content\" id=\"trade-520279052\"><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>The shares of IT-major Infosys Ltd. shot up more than 5% today on the bourses to touch their day\u2019s high of Rs. 1,494. The stock came down slightly and eventually closed at Rs. 1,477 per share, up 4.02% for the day.&nbsp; The surge in stock price comes after India\u2019s second-largest IT services company clocked a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":15038,"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-68262","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>Analysts eye more growth ahead for INFY after good Q2 results\u00a0 - 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\/analysts-eye-more-growth-ahead-for-infy-after-good-q2-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analysts eye more growth ahead for INFY after good Q2 results\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of IT-major Infosys Ltd. shot up more than 5% today on the bourses to touch their day\u2019s high of Rs. 1,494. 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