ICICI Direct has given Buy recommendation for Infosys with a target price of Rs. 2060 in its research report issued on Oct 18, 2021

ICICI Direct’s research report on Infosys

Infosys Ltd (Infy) is one of the leading IT players catering to BFSI, retail, communication, manufacturing & hi tech verticals. The company generates >56% of revenues from digital technologies Dividend payout (>80%), margins (>20%) and RoCE (>31%) key positives


We continue to remain positive and retain our BUY rating on the stock We value Infosys at Rs 2,060 i.e. 32x P/E on FY23E EPS


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