(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. “We expect the discount to narrow given the likely support to Infosys valuations from the proposed openmarket share buyback,” it said. While maintaining its sell rating on the stock, it has lowered its target price of Rs 1,153, valuing it at 17.9x on Sept’24E EPS (10% discount to TCS target PE multiple).ĬLSA said its 1-year target price of Rs 1,800, based on 24.5x 12-month forward EPS, is at a 4% discount to its target price for TCS. The buyback would support the stock performance in near term amid market volatility,” said Sanjeev Hota, Head of Research, Sharekhan by BNP Paribas.ĭomestic brokerage Nirmal Bang pointed out that due to the buyback, ‘other income’ of the IT major goes down in FY24 and beyond, countered partially by lower outstanding equity shares. But I finally wrote 10 Downing Street,” Murty recalled on the popular show.“Infosys’s decent Q2 numbers coupled with management comforting demand commentary and margin sustenance despite supply side challenges, allay investor fears in this uncertain global environment. My son also lives there (in UK), but I didn’t remember his complete address. ‘Where are you staying in London?’ My elder sister was with me and I thought should I write '10 Downing Street'. Infosys Ltd INFY 1,249.90 4.70 (+0. “Once when I had gone, they asked me my residential address. Narayana and Sudha Murty’s daughter, Akshata Murty, is married to Sunak. Very middle class uncle! Didn't recognize him!ĭuring a recent appearance on The Kapil Sharma Show, Sudha Murty recalled an instance when airport officials in the UK refused to believe she is the mother-in-law of UK PM Rishi Sunak. But in the late 90s/early 2000s, NM used to commute economy class Pune-Bangalore in sarkari Indian Airlines. The user said that in the 1990s and early 2000s, the Infosys billionaire would fly economy class on the Pune-Bengaluru route.Ĭan't speak about the situation now. The airhostess didn't recognize him, in fact was brusque when he requested that his jacket be taken away.Īnother Twitter user shared a story of their encounter with Narayana Murthy in response to Chatterjee’s tweet. I was traveling business (upgrade) and the man on the other side of the aisle was him. Updated:, 08:08 AM IST Livemint Infosys Infosys' stock opened at 1265 and reached a high of 1273.5 before dipping. NM and me was on the same flight Sin-Hkg sector. Infosys Share Price Live blog for 1 min read. NEW DELHI: Shares of Infosys on Monday saw their steepest daily fall in two years after the IT majors fourth quarter results failed analysts on many parameters, leading to both earnings downgrades and target price cuts.
The airhostess didn't recognize him, in fact was brusque when he requested that his jacket be taken away,” Chatterjee tweeted on Wednesday. The IT giant also missed its annual guidance.
I was traveling business (upgrade) and the man on the other side of the aisle was him. Stocks In The News: Infosys, Wipro ntpc moneycontrol NTPC Beats Street Estimates Q1 Profit ntpc moneycontrol Tata Power Share Price Jumps 5 On ntpc. In Q4 FY 23, Infosys posted a consolidated net profit of 6,128 crore, down by 15.68 per cent from a PAT of 7,283 crore in the preceding quarter. “NM and me was on the same flight Sin-Hkg sector. The deal size is 1.5 billion, marking Infosys' biggest deal since their partnership with Daimler in 2020.
Get all the information on Fortune Infosys with historic price charts for. NEW DELHI: Shares of Infosys on Monday saw their steepest daily fall in two years after the IT major's fourth quarter results failed analysts on many parameters, leading to both earnings downgrades and target price cuts. Infosys has landed a major deal with BP, becoming their primary partner for end-to-end application services. In fact, she even acted brusquely when Murthy requested that his jacket be taken away. Fortune Infosys Share Price: Find the latest news on Fortune Infosys Stock Price. The founder of Infosys apparently had no airs and graces about him – for the flight attendant failed to recognise him. In fact, one incident involving Narayana Murthy on a commercial flight came to light when a Twitter user recalled his encounter with the Infosys co-founder.Īnindya Chatterjee, CEO of Saleswah CRM, said he sat next to Narayana Murthy on a flight from Singapore to Hong Kong in the early 2000s.Ĭhatterjee said that both he and Murthy were seated in the business class section of the flight. The billionaire couple has been spotted travelling around Bengaluru in their old Maruti Alto and eschewing chartered jets for commercial flights. Despite being counted among India’s richest, Infosys founder Narayana Murthy and his wife Sudha Murty are known to lead a simple life.
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