Infosys: Robust Growth, Better Visibility
We recommend a BUY and assign 26x P/E multiple to its FY24E earnings of Rs 73.5/share to arrive at a TP of Rs 1,930/share, implying an upside of...
310 Views
Strong all-round beat, guidance revision above our expectation
INFO reported a growth of 6.3% QoQ CC, ahead of our estimate of 5.7%, on the back of a broad based performance. Large deal TCV of USD2.15b was a...
304 Views
HSIE Results Daily: Infosys, Wipro, Mindtree
Mindtree: Mindtree (MTCL) delivered an exceptional quarter with double-digit QoQ growth and beat on margins despite wage hikes and supply side...
295 Views
Aditya Birla Sun Life AMC IPO - At a Slight Discount but There’s No Compelling Reason to Buy
Aditya Birla Sun Life Asset Management Company’s (ABSL) shareholders aim to raise around US$369m via reducing their stake in the company’s Indian IPO.
250 Views
EClerx Buyback: Adding Fuel to Momentum
India based data management firm eClerx Services launched a US$40mn buyback which is expected to open next month. Fundamentally, the stock appears...
331 Views