Infosys Share Price: A Glimpse into Q1 Earnings
Infosys Ltd., the Bengaluru-based technology giant, is set to announce its first-quarter earnings, and its share price is trading higher in anticipation of the results. The company is expected to report modest topline and EBITDA growth, with revenue likely to rise 2% on a quarterly basis.
According to Bloomberg estimates, Infosys’ revenue is expected to reach Rs 41,724 crore in April-June quarter, compared to Rs 40,925 crore in the previous quarter. The EBIT margin is also expected to remain steady at 20.91%, while EBIT may rise 2% to Rs 8,727 crore from Rs 8,575 crore.
However, the forward guidance will likely be in focus, as investors look for signs of sustained growth and profitability. Infosys has been working to improve its services and increase its presence in new markets, which could impact its future performance.
A Look at Infosys’ Recent Performance
Infosys share price has been trading lower over the past 12 months, declining 13.61% from its peak. However, the stock has shown some signs of recovery in recent weeks, rising 0.95% to Rs 1,585.9 apiece on Wednesday. The stock was trading 0.83% higher at Rs 1,583.1 apiece as of 12:13 p.m., outperforming the broader market.
The company’s total traded volume so far in the day stood at 0.46 times its 30-day average, indicating moderate buying interest. The relative strength index (RSI) was at 46.88, suggesting that the stock is trading near its neutral zone.
Analyst Views on Infosys
Out of 49 analysts tracking the company, 35 maintain a ‘buy’ rating, 11 recommend a ‘hold’, and three suggest ‘sell’, according to Bloomberg data. The average 12-month consensus price target implies an upside of 10.0%, indicating that analysts are optimistic about the company’s future prospects.
Infosys’ Q1 earnings will be closely watched by investors and analysts, who will be looking for signs of sustained growth and profitability. The company’s ability to deliver on its promises will be crucial in driving investor sentiment and determining its future performance.
Conclusion
Infosys share price is trading higher ahead of its Q1 earnings, with analysts expecting modest topline and EBITDA growth. While the company’s recent performance has been mixed, its forward guidance will likely be in focus, as investors look for signs of sustained growth and profitability. Will Infosys be able to deliver on its promises and drive investor sentiment? Only time will tell.
