If Your Dad Invested ₹10,000 In Infosys A Decade Ago, Here's How Much You'd Have Today

The country’s second biggest IT services company Infosys saw its shares tank Friday after it reported its earnings for the quarter ended March. The Infosys share price slumped over 8% to hit an intraday low of ₹1,305.

The Investment: On 22nd July 2013, Infosys was trading at ₹359.59. If your father had invested ₹10,000 in Infosys then, he would have bought approximately 28 shares of the company. Fast forward to today, the stock is valued at ₹1,336. This means that an investment of ₹10,000 a decade ago would be worth approximately ₹37,408, marking a significant increase in value.

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Background: The company’s recent Q1 earnings report and subsequent guidance cuts have not been well received by investors and analysts. The company’s consolidated net profits for the April-June period stood at ₹5,945 crore, up close to 11% from the ₹5,360 crore profit it booked during the same period last year. However, this was lower than consensus estimates. The company’s revenue for the quarter stood at ₹37,933 crore, up 10% year-over-year.

Analysts have expressed disappointment with the numbers and the weak guidance. Here are the latest analyst calls on the stock.

AnalystRatingPrice Target
MacquarieUnderperform₹1,130
NomuraReduce₹1,210
JP MorganUnderweight₹1,150
HDFC SecuritiesAdd₹1,450
JefferiesBuy₹1,550

Price Action: Infosys’ share price was down 7.88% to trade at ₹1,335.30 in the mid-market hours of trading on Friday.

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Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.

Editor’s Note: Artificial intelligence was used as a secondary aid in writing this story.

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