NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
DRChoksey Report
Infosys Ltd. is expected to report a steady performance for the June quarter, with DRChoksey maintaining its 'Buy' rating and target price of Rs 1,229, implying a potential upside of around 17% from the current market price of Rs 1,052.
According to the brokerage, Infosys is likely to post Q1 FY27 revenue of $5.11 billion, reflecting growth of 1.4% quarter-on-quarter and 3.4% year-on-year. Constant-currency growth is estimated at around 1.4% QoQ, supported by contributions from the Optimum Healthcare and Stratus acquisitions.
Organic constant-currency growth is expected to remain modest at around 0.6% due to delayed client decision-making and weaker discretionary spending in select verticals.
DRChoksey expects BFSI and EURS (energy, utilities, resources and services) to lead growth during the quarter. The BFSI segment is likely to benefit from resilience in the US banking sector, while EURS could gain from continued investments linked to the energy transition.
In contrast, hi-tech and retail are expected to remain soft amid lower discretionary spending and cautious IT budgets. Manufacturing may also face pressure due to the Daimler ramp-down.
Click on the attachment to read the full report:
ALSO READ: From ICICI Bank To Federal Bank: Check HDFC Securities' New Target Prices, Ratings After Q1 Results
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
