![]() ![]() Check out why Infosys share price is down today. We value the stock at 28 times FY24E EPS, implying a target price of Rs 2,000," Motilal Oswal said.ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. Infosys Share Price Today (18 May, 2023) Live NSE/BSE updates on The Economic Times. Based on our revised estimates, the stock is currently trading at 25 times FY24 EPS. We expect it to be a key beneficiary of an acceleration in IT spending. “We expect Infosys to deliver margin on the higher side of its guidance band, with strong growth and reduced dependence on sub-contractors as attrition falls. Motilal Oswal Securities sees the stock at Rs 2,000. Digital revenue grew at 38.8 per cent YoY in CC terms and accounted for 59.2 per cent of the total revenue. Attrition inched up to 27.7 per cent due to a higher base. Margins for Infosys declined 200 bps sequentially to 21.5 per cent in March quarter, mainly due to supply-side pressure, higher subcontracting cost, fewer working days and lower utilisation. Similarly, it reported a 12 per cent year-on-year rise in net profit, compared to 7.4 per cent for TCS. Infosys said its revenue growth was 22.7 per cent year-on-year compared to 15.75 per cent for TCS. The March quarter numbers, it said, disappointed on most parameters, with revenue growth at 1.2 per cent sequentially in constant currency terms missing consensus estimate of 3 per cent, growth partly due to a one-off client-specific issue.ĮBIT margin of 21.5 per cent also fell below consensus estimate of 23.2 per cent, it noted. Nomura India said FY23 CC revenue guidance for Infosys at 13-15 per cent was ahead of Street estimates but margin guidance at 21-23 per cent fell short of it. We maintain Buy with a revised target of Rs 1,970 at 28 times March 2024 EPS, considering broad-based demand, steady market share gain and robust cash generation,” it said. “The operating performance miss would weigh on the stock in the near term. Net result is EPS cut of 2-4 per cent for FY2023-24, never a welcome prospect," Kotak said while suggesting a fresh target of Rs 1,975.Įmkay Global has cut its FY23 EPS estimate by 7.2 per cent and FY24 estimates by 4.9 per cent, factoring in the Q4 miss and lower margin guidance. ![]() But I finally wrote 10 Downing Street,” Murty recalled on the popular show."Front-ended revenue growth guidance of 13-15% impressed, while timing and quantum mismatch between headwinds and tailwinds has led to a reset in the EBIT margin band to 21-23 per cent. My son also lives there (in UK), but I didn’t remember his complete address. ‘Where are you staying in London?’ My elder sister was with me and I thought should I write '10 Downing Street'. “Once when I had gone, they asked me my residential address. Narayana and Sudha Murty’s daughter, Akshata Murty, is married to Sunak. Very middle class uncle! Didn't recognize him!ĭuring a recent appearance on The Kapil Sharma Show, Sudha Murty recalled an instance when airport officials in the UK refused to believe she is the mother-in-law of UK PM Rishi Sunak. But in the late 90s/early 2000s, NM used to commute economy class Pune-Bangalore in sarkari Indian Airlines. ![]() The user said that in the 1990s and early 2000s, the Infosys billionaire would fly economy class on the Pune-Bengaluru route.Ĭan't speak about the situation now. The airhostess didn't recognize him, in fact was brusque when he requested that his jacket be taken away.Īnother Twitter user shared a story of their encounter with Narayana Murthy in response to Chatterjee’s tweet. I was traveling business (upgrade) and the man on the other side of the aisle was him. NM and me was on the same flight Sin-Hkg sector. The airhostess didn't recognize him, in fact was brusque when he requested that his jacket be taken away,” Chatterjee tweeted on Wednesday. “NM and me was on the same flight Sin-Hkg sector. In fact, she even acted brusquely when Murthy requested that his jacket be taken away. The founder of Infosys apparently had no airs and graces about him – for the flight attendant failed to recognise him. ![]() In fact, one incident involving Narayana Murthy on a commercial flight came to light when a Twitter user recalled his encounter with the Infosys co-founder.Īnindya Chatterjee, CEO of Saleswah CRM, said he sat next to Narayana Murthy on a flight from Singapore to Hong Kong in the early 2000s.Ĭhatterjee said that both he and Murthy were seated in the business class section of the flight. The billionaire couple has been spotted travelling around Bengaluru in their old Maruti Alto and eschewing chartered jets for commercial flights. Despite being counted among India’s richest, Infosys founder Narayana Murthy and his wife Sudha Murty are known to lead a simple life. ![]()
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