Latest Update Related to the Infosys Ltd
Infosys Ltd is one of the best companies in the Indian share market. This is the second-largest IT company in Indian Market. Recently Infosys Ltd Released its Q4 result. The market does not like its results because of the low growth story because of the American & European Slow down. Read below for more information about the Latest Update Related to Infosys Ltd,
Important points related to the Infosys Ltd Q4 Results:
- Infosys Ltd booked Rs. 6,134 Crore profit in Q4. Profit showing drop on QtoQ basis.
- Infosys Ltd announced Rs. 17.50 dividend for each share. Ex-date for the Dividend is 02nd June 2023.
- The profit Margins of the company was drop from 21.50% to 21%.
- Management of the company expected 4% to 7% growth in the upcoming year.
The above-mentioned points created a panic in shareholders and shares surged to 10% in Monday’s trading session. This is a good time to buy for long-term investors because the company is good, fundamental of the company is good. High cash-generating companies. So this is the only short-term panic because of the US slowdown. But these companies bounce back once the slowdown ended.