India’s second-biggest IT services company, Infosys, posted its March quarter earnings on Thursday. The stock has had a quiet year at the bourses with a 14% gain. But, over the years, it has been one of the biggest wealth creators at the bourses. So if you had invested in the stock when the company’s current CEO Salil Parekh took over the reins, here’s what would have happened.
The Investment: If you invested ₹10,000 in Infosys on January 2, 2018 — when Parekh officially took over as CEO- you would have received 22 shares of the company as the Infosys share price was at around ₹448. Fast forward to today, those 22 shares would be worth over ₹31,000.
Earnings Overview: The IT giant reported revenue from operations at ₹37,923 crore. The net profits stood at ₹7,969 crore. For the year ending March 25, the IT behemoth has projected a revenue growth of 1%-3% in constant currency.
Analysts were not very impressed by the company’s Q4 numbers. Here are the latest analyst ratings on the stock:
| Brokerage | Rating | Price Target (₹) |
|---|---|---|
| JP Morgan | Overweight | 1,700 |
| UBS | Buy | 1,700 |
| Kotak Securities | Buy | 1,750 |
| Jefferies | Buy | 1,630 |
| Emkay | Buy | 1,750 |
| Investec | Hold | 1,540 |
Price Action: Infosys' share price was up 0.49% to trade at ₹1,426.25 in the late hours of trading on Friday.
Read Next: Reliance-Owned Small Cap Stock Rocketing After Q4: Brokerage Raises Target Price
Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.
Note: Infosys’ share price is adjusted for splits, bonuses and dividends.
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