Infosys Long-Term Investment Idea💡

Introduction

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.

Observation

As we can see IT stock is now activating after US election this stock make a bullish piercing line pattern with good volume on weekly chart after a 12% correction from its top as like TCS. If see closely on month chart you will see it forming handle of cup and handle pattern

Let's touch fundamentals

ROCE - 40%
ROE - 32%
Debt to equity - 0.10
PE - 28
Promoter Holding - 14%
Public holding - 14%
Promoter Holding Pledge - zero

Technical Analysis & indicators 🔍

Weekly chart
Bullish Engulfing

News of the day

1. Tata Steel swung to profit in fiscal Q2 with a consolidated attributable profit of 8.33 billion Indian rupees in the fiscal second quarter ended Sept. 30 against a net loss of 61.96 billion rupees a year ago.Earnings per share came in at 0.67 rupees compared with a loss per share of 5.07 rupees a year earlier, the steel manufacturer said in a Wednesday filing to the stock exchanges.

2. Indian automaker Mahindra & Mahindra reported a surprise rise in second-quarter profit on Thursday, helped by higher sales of its sport utility vehicles (SUV) and a recovery in tractor demand.The 'Scorpio' SUV maker's standalone profit after tax rose 13.2% to 38.41 billion rupees ($455.4 million). Analysts had estimated profit would dip 1.7% to 33.92 billion rupees, per data compiled by LSEG.Its consolidated profit, which includes its IT, financial services, and holiday businesses, grew 35%.

3. UltraTech Cement Middle East Investments, a UAE-based wholly-owned subsidiary of UltraTech Cement has acquired an additional 11.55% stake in Ras Al Khaimah Co. for White Cement and Construction Materials PSC (RAKWCT) for $22.02 million.

Educational content 📖

This stock analysis is designed for educational purposes and should not be taken as financial advice. Please carry out your own research or consult with a financial advisor before investing.

Thu Nov 7, 2024