Infosys Q3 beats Street expectations: Should you buy, sell or hold?
Updated : 2021-01-14 09:40:54
India's second-largest IT services company Infosys on Wednesday beat analyst estimates to report a 16.6 percent year-on-year (YoY) rise in consolidated net profit at Rs 5,197 crore for the December quarter. In the corresponding quarter last year, the company posted a net profit of Rs 4,466 crore. Its revenue grew 12.3 percent to Rs 25,927 crore and the firm increased its FY21 revenue growth guidance to 4.5-5 percent in constant currency terms. Most brokerages are very bullish on the stock after the earnings and have raised their target prices on the same. Here's what they have to say: