Infosys quarterly results excellent know from brokerage to buy sell or hold the stock pmgkp

INFOSYS Result: IT giant INFOSYS has reported excellent second quarter results. The company produced better results than expected. The company’s Dollar Revenue grew by about 6%. Profits have seen an increase of more than 4% while the company has also increased the Revenue Growth Guidance to 17.5% for FY22.

Today HCL TECH second quarter results will be out. Dollar revenue is expected to grow by 4%. Cyient and Indiabulls Real will also present the results today. The despair that was there in the IT sector after the results of TCS, seems to be going away.

Know what is the opinion of brokerages on the stock- (BROKERAGES ON INFOSYS)

CLSA’s opinion on INFOSYS
CLSA has given buy rating on INFOSYS and has a target of Rs 2060 for the stock. He says that the company’s results are showing signs of strong demand. They have increased its EPS estimate for FY22/23 by 1%.

Opinion of GOLDMAN SACHS on INFOSYS
GOLDMAN SACHS has a Buy rating on INFOSYS and has a target of Rs 2,149 for the stock. He says that in terms of margin and execution, the company’s results have been better than expected. This company is one of the fastest growing companies in largecap IT. He raised its revenue estimate, but cut the margin. At the same time, the EPS estimate for FY22-26 has been increased from -2% to +2%.

UBS’s opinion on INFOSYS
UBS has given Neutral Rating on INFOSYS and has a target of Rs 1820 for the stock. He says that the company’s Q2 margin is positive and concerns about TCV remain. Margins have been better than expected, despite the salary hike by the company.
MACQUARIE’s Opinion on INFOSYS
MACQUARIE has outperformed rating on INFOSYS and has a target of Rs 2190 for the stock. He says that the company’s Q2 margin is better than the estimates and has increased the EPS estimate for FY22 by 1%.

MORGAN STANLEY’s opinion on INFOSYS
MORGAN STANLEY has an Overweight Rating on INFOSYS and has a target of Rs.1920 for the Share. He says that Q2 is strong in terms of revenue and margins. On the other hand, there has been a slowdown in deals for the H2 and there are concerns about the attrition.

CREDIT SUISSE Opinion on INFOSYS
CREDIT SUISSE has given Outperform Rating on INFOSYS and has a target of Rs 2190 for the stock. He says that the company’s revenue growth has given a positive surprise. They have raised its EPS estimate for FY22-24 by 2.1-2.4%.

KOTAK INSTL EQ’s opinion on INFOSYS
KOTAK INSTL EQ has a Buy rating on INFOSYS and has a target of Rs 2000 for the stock. He says that the company’s performance has been excellent in all respects and has raised the revenue growth forecast for FY22-24 by 1-1.5%.

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