Infosys results TODAY: Expert pegs target price at Rs 1560-Rs 1600
nfosys Share price: Kotak Institutional Equities has forecast constant currency (CC) sequential revenue growth of 3% led by ramp of large deals and strong bookings of earlier quarters. March is a seasonally weak quarter for Infosys. Kotak has also forecast EBIT margin decline of 115 bps sequentially largely on the back of wage revision and lower utilization rates. December 2020 quarter utilization rate (excluding trainees) of 86% is unsustainable in our view and will decline. Infosys share price Rs 1403, Rs 23 or 1.6%
Kotak says in note that FY2022E revenue growth and EBIT margin will be influenced by magnitude of pass through element in Daimler deal: Reuters