As of October 1, 2024, the share price of Infosys Ltd. stands at 1,904.35 on the National Stock Exchange (NSE) and 1,904.15 on the Bombay Stock Exchange (BSE). This pricing reflects the ongoing market dynamics and the company's recent performance.
Historical Performance and Market Capitalization
Infosys, one of India's leading IT companies, has a rich history dating back to its founding in 1981 by seven engineers in Pune, Maharashtra. The company, now headquartered in Bengaluru, Karnataka, has grown significantly over the years. In August 2021, Infosys became the fourth Indian company to achieve a market capitalization of $100 billion. As of the latest data, Infosys has a market capitalization of approximately 7,87,434 crore.
The company's share price has seen substantial growth, with notable milestones such as its initial public offering (IPO) in February 1993, where the share price opened at 145 per share, and its listing on the Nasdaq stock exchange in 1999 as American depositary receipts (ADRs). The share price has fluctuated over the years, with a 52-week high of 1,975.75 and a 52-week low of 1,351.65.
Financial Performance and Key Metrics
Infosys has maintained a strong financial performance, with a return on equity (ROE) of 31.8% and a return on capital employed (ROCE) of 40.0% as of the latest financial data. The company's price-to-earnings (P/E) ratio stands at 29.55, and the price-to-book (P/B) ratio is at 9.48 times its book value. Infosys also boasts a healthy dividend yield of 2.00% and has been maintaining a consistent dividend payout.
The company's financial health is further underscored by its operating profit margin (OPM) of 24% and its net profit, which has been steadily increasing over the years. For instance, in the Q3FY24 results, Infosys reported an operating profit of 36,425 crore and a net profit of 26,248 crore.
Market Outlook and Growth Expectations
The IT sector, including major players like Infosys, is expected to continue its growth momentum in the September quarter. Industry analysts anticipate that the demand for digital transformation services will drive the sector's growth, despite any potential global economic headwinds.
Ahead of the Q2 FY25 results, share price targets for Infosys and other IT giants are being closely watched. While specific targets vary, the overall sentiment remains positive, reflecting the sector's resilience and growth potential. TCS, another major IT company, is set to kick off the Q2 FY25 earnings season soon, which will provide further insights into the sector's performance.
Infosys's recent acquisitions and strategic initiatives, such as the acquisition of in-tech in Germany for 450 million in April 2024, are expected to contribute to its future growth. The company's focus on next-generation digital services and its global graduate hiring initiatives also bode well for its long-term prospects.
To understand more about Infosys and its position in the global IT landscape, you can explore the company's history and milestones on Wikipedia.
