Infosys Limited provide an information technology consulting company that works with various technologies like cloud, IoT, AI and outsourcing services. Provide end to end business solutions and technical consultants. The company is wholly based on Information Technology.
The company comes under the information technology sector which is rapidly growing in 2021. The official website of Infosys: https://www.infosys.com/
The company is listed under BSE 100, BSE 200, SENSEX, NIFTY 50 as well as BSE 500.
If we consider the one-year performance of Infosys which is successfully given a 75% return which is amazing. The Debt to Equity ratio is 0 which make another positive sign for the company as well as the price of the stock.
Infosys generated a net profit of 16639 Cr in the financial year 2020 and the total revenue was around 90791 Cr. The company is maintaining the Debt to Equity ratio is zero for the past many months. The industry PE is about 32. If you consider the last quarterly result the Infosys has given 23714 cr of net sales as of Jun 2021.
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The fundamental structure will denote that Infosys is a very good stock for an investment purpose and have exponential growth in coming years. The company is working on new technologies which drive Infosys into a dynamic profit-making company.
Technical Points to consider
The Infosys share price is making its 52 weeks high and closing within the zone of 52 week
RSI indicator is showing the overbought zone so you can consider buying on dips
The stock is good for long term investment
The MFI is above 80
You can definitely have this stock on your radar. Personally, I am having a good position in this stock because for me IT industry will boom or it will remain as is and growing exponentially in future.
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Thank you. Happy Investment.