Infosys Share Price | Infosys shares rise, experts give BUY rating, don't miss the opportunity – NSE: INFY
Infosys Share Price | Infosys Limited shares were trading with gains on Tuesday. Stock up 0.06% on Tuesday, October 15 (NSE: INFY) It had increased to Rs 1,960. Shares of Infosys Limited rose more than 1 percent in intraday trading and reached a record high. (Infosys Limited Company Excerpt)
Infosys Limited will release its second quarter results on October 17. Shares of Infosys Limited have already reached record high. Ahead of the second quarter results, the stock has started showing a positive effect. The stock has a 52-week high of Rs 1,991.45. The 52-week low was Rs 1,351.65. On Wednesday, October 16, the stock fell 2.10 percent to Rs 1,918.10. On Thursday (October 17, 2024), the stock was trading 0.70% higher at Rs 1,933.
CNBC Report – Infosys Company's second quarter results
Infosys Ltd. is expected to report a 3.6% rise in revenue against the US dollar, while it could rise 4% against the rupee, CNBC reported. During this period, EBIT is expected to increase from Rs 8,288 crore to Rs 8,723 crore. Margin can increase only up to 0.20%. If this happens, then this will be the second consecutive quarter when the revenue growth of Infosys Limited Company will be strong. Infosys Ltd. reported 3.6% growth in revenue in the first quarter.
What Kotak Institutional Equities brokerage firm said
Kotak Institutional Equities brokerage firm expects Infosys Ltd to raise its revenue growth forecast for FY2025 to 4-5 per cent from 3-4 per cent.
Expert gave BUY rating
Stock market expert has given important advice regarding Infosys Limited Company. A total of 45 experts have issued ratings on the shares of Infosys Limited Company. Out of 45 experts, 30 have given 'BUY' rating. Out of 45 experts, 10 have given HOLD rating. Five out of 45 experts have given 'SELL' rating. Infosys Limited shares have gained 30% this year. The stock has given negative returns only twice in the last 10 years. On a YTD basis, the stock has returned 26.34%.
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