Showing posts with label @Infosys. Show all posts
Showing posts with label @Infosys. Show all posts

Tuesday, March 28, 2023

Infosys - Avoid

 Infosys


Infosys - Avoid


Top Level Exits


Mohit Joshi, President his last date for the company would be June 9, 2023, Infosys said in an exchange filing.


Under Joshi, it reported CAGR of 9 % for the period between FY16-22.


Ravi Kumar S also left the organisation to join CTS


This is second large exit from the company in 3 months. ICICI Securities believe that considering multiple responsibilities that Mohit was handling, the brokerage firm can’t rule out near term vulnerability especially in BFSI , Products space as well as large deal space . “However we do not see long term implications of this event considering second tier leadership already in place at the company,” ICICI Securities said in a note.



Meanwhile, in past one month, the stock has slipped 11 per cent after the closure of open market buyback offer. In comparison, the S&P BSE Sensex was down 5 per cent during the same period.


According to exchange data, Infosys had bought back 60.4 million shares or 1.44 per cent of the total equity capital at an average of Rs 1,539 apiece. The average buyback price was 16.6 per cent below the maximum offer price of Rs 1,850.  

In past one year, Infosys has underperformed the market by falling 25 per cent, as against 2.6 per cent rise in the S&P BSE Sensex.


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Date 28 March 2023


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Sunday, April 16, 2017

Infosys - Avoid

Company Background :

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services.

The Company, along with its subsidiaries, provides business information technology services comprising :-

application development and maintenance,
independent validation, infrastructure management,
engineering services comprising product engineering and life cycle solutions and business process management;
consulting and systems integration services comprising consulting,
enterprise solutions,
systems integration and advanced technologies;
products, business platforms and solutions to accelerate intellectual property-led innovation,
including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.

Its segments are Financial Services and Insurance (FSI), Manufacturing and Hi-tech (MFG & Hi-TECH), Energy & utilities, Communication and Services (ECS), Retail, Consumer packaged goods and Logistics (RCL), and Life Sciences and Healthcare (LSH).

Stock Performance :
Not going anywhere - gets support around INR 900 and struggling to get past 1050

Future Outlook :
IT / Software Services industry is under cloud many blue chips are languishing and for the next year or 18 Months we do not expect any spectacular movement

Avoid

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