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    INFY   INE009A01021

INFOSYS LIMITED

(INFY)
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Indian shares hit record highs as tech, bank stocks rally

10/14/2021 | 06:36am EST
FILE PHOTO: People walk past the Bombay Stock Exchange (BSE) building in Mumbai

BENGALURU (Reuters) -Indian shares closed at record highs on Thursday and ended the holiday-shortened week with a more than 2% gain, powered by a rally in banking and technology stocks.

The NSE Nifty 50 index ended up 0.97% at 18,338.55, and the benchmark S&P BSE Sensex closed 0.94% higher at 61,305.95. Indian markets will be closed on Friday.

Both the indexes have risen for six straight sessions, aided by the central bank's assurance on liquidity, easing inflation and an emergency nod for a COVID-19 vaccine for kids.

Most major sub-indexes advanced on Thursday. The NSE Bank index closed up 1.8%, led by a 2.93% rise in lender HDFC Bank, which is due to post results on Saturday.

Nifty's IT index closed up 1.3%, led by a 7.5% rise in Mindtree after it clocked higher profits.

Wipro hit a record high during the session and closed 5.3% higher after it logged a near 19% rise in quarterly consolidated net profit.

Infosys, the country's No.2 IT services firm, rose to a near three-week high during the day and closed up 0.4% after it raised its revenue forecast for the year.

Shares of port operator Adani Ports and Special Economic Zone was the top percentage gainer on the Nifty 50 index, closing up 7.7% at its highest level since June.

A rally in auto stocks lost steam, with the Nifty auto index snapping five sessions of gains.

Domestic car and sport-utility vehicle sales in India fell 41% in September from a year ago, data showed on Thursday.

Tata Motors, which had seen a heady rally in recent sessions, closed down 1.8%. Still, the carmaker has registered a 30% gain for the week.

(Reporting by Chandini Monnappa in Bengaluru; Editing by Saumyadeb Chakrabarty)

By Chandini Monnappa


ę Reuters 2021
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Analyst Recommendations on INFOSYS LIMITED
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Financials
Sales 2022 1 196 B 15 858 M 15 858 M
Net income 2022 223 B 2 956 M 2 956 M
Net cash 2022 300 B 3 973 M 3 973 M
P/E ratio 2022 33,2x
Yield 2022 1,92%
Capitalization 7 446 B 98 733 M 98 729 M
EV / Sales 2022 5,98x
EV / Sales 2023 5,17x
Nbr of Employees 279 617
Free-Float 84,7%
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Infosys Limited Technical Analysis Chart | INFY | INE009A01021 | MarketScreener
Technical analysis trends INFOSYS LIMITED
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 38
Last Close Price 1 753,35 INR
Average target price 1 994,08 INR
Spread / Average Target 13,7%
EPS Revisions
Managers and Directors
Salil S. Parekh Chief Executive Officer, MD & Executive Director
Mohit Joshi Co-President
Ravi Kumar S. Co-President & Deputy Chief Operating Officer
Nilanjan Roy Chief Financial Officer
Nandan M. Nilekani Non-Executive Chairman
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