Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/infosys-ltd" target="_blank" data-smartkarma-citation="entities:267:1" rel="noopener">Infosys Ltd (INFO IN)</a> (<a href="https://www.smartkarma.com/entities/infosys-ltd-sp-adr" target="_blank" data-smartkarma-citation="entities:268:1" rel="noopener">Infosys Ltd Sp Adr (INFY US)</a>) on 5-6 December <a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/757B8EEA-EB83-41B2-BC39-5380D9BE2EFB-175849.pdf" target="_blank" rel="noopener">announced</a> an on-market buyback of more than US$1.1bn. </li>
<li>The company has done buybacks before, and it is worthwhile looking at the details.</li>
<li>The buy-back looks small, and may be impactful near-term in near-space. </li>
</ul>



Infosys Ltd (INFO IN) (Infosys Ltd Sp Adr (INFY US)) on 5-6 December announced an on-market buyback of more than US$1.1bn. 
The company has done buybacks before, and it is worthwhile looking at the details.
The buy-back looks small, and may be impactful near-term in near-space. 


Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Consumer Analyst / Channel Surveillance Specialist

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Equity Bottom-Up

<ul>
<li>The trade remains Long Nifty with a watch on earnings. </li>
<li>
<a href="https://www.smartkarma.com/entities/infosys-ltd" target="_blank" data-smartkarma-citation="entities:267:1" rel="noopener">Infosys Ltd (INFO IN)</a> reported a beat on revenues and a miss on EPS, heading into seasonally weak quarters is the pain now consensus? </li>
<li>Other names discussed include <a href="https://www.smartkarma.com/entities/delta-corp-ltd" target="_blank" data-smartkarma-citation="entities:4627:1" rel="noopener">Delta Corp Ltd (DELTA IN)</a>, <a href="https://www.smartkarma.com/entities/hdfc-asset-management-co-ltd" target="_blank" data-smartkarma-citation="entities:27027:1" rel="noopener">HDFC Asset Management Co Ltd (HDFCAMC IN)</a> and <a href="https://www.smartkarma.com/entities/dmart" target="_blank" data-smartkarma-citation="entities:23656:1" rel="noopener">Avenue Supermarts Ltd (DMART IN)</a>. </li>
</ul>


The trade remains Long Nifty with a watch on earnings. 

Infosys Ltd (INFO IN) reported a beat on revenues and a miss on EPS, heading into seasonally weak quarters is the pain now consensus? 
Other names discussed include Delta Corp Ltd (DELTA IN), HDFC Asset Management Co Ltd (HDFCAMC IN) and Avenue Supermarts Ltd (DMART IN). 


[Week 7] Namaste India 🙏 | Infosys Ltd (INFO IN) | Seasonal Sluggishness Now Consensus

External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

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<ul>
<li>In Q2FY24, Infosys Ltd (Infy) reported revenue of Rs 38,994 Cr, up 2.8% QoQ and 2.3% QoQ (in CC terms) which stood above our expectations.</li>
<li>The company’s operating profit, too, stood above our expectations at Rs 8,274 Cr, reporting a growth of 4.8% QoQ.</li>
<li>The company’s operating margins, expanded 40bps at 21.2%, largely led by lower operating expenses and a favourable currency mix during the quarter.</li>
</ul>
<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>


In Q2FY24, Infosys Ltd (Infy) reported revenue of Rs 38,994 Cr, up 2.8% QoQ and 2.3% QoQ (in CC terms) which stood above our expectations.
The company’s operating profit, too, stood above our expectations at Rs 8,274 Cr, reporting a growth of 4.8% QoQ.
The company’s operating margins, expanded 40bps at 21.2%, largely led by lower operating expenses and a favourable currency mix during the quarter.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Infosys Ltd. - Results Outperform; Outlook Skeptical

<ul><li>FY23 proved to be the year of volatility and uncertainty for demand across the world.</li><li>Despite this uncertainty and volatility, Infosys performed well and demonstrated its resilient enegmaent with its clients as well as its commitment to customer-centricity amidst these challenging times.</li><li>The company posted industry-leading revenue growth of 15.4% in FY23.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

FY23 proved to be the year of volatility and uncertainty for demand across the world.Despite this uncertainty and volatility, Infosys performed well and demonstrated its resilient enegmaent with its clients as well as its commitment to customer-centricity amidst these challenging times.The company posted industry-leading revenue growth of 15.4% in FY23.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Infosys Ltd - Robust Performance; Challenging Times Ahead in near Term

<div><div><div><div><ul><li>In Q1FY24, Infosys Ltd (Infy) reported revenue of Rs 37,993 Cr, up 1.3% QoQ and 1.0% QoQ (in CC terms) which stood in line with our expectations.</li><li>The company’s operating profit, too, stood in line with our expectations at Rs 7,891 Cr, reporting a growth of 0.2% QoQ.</li><li>The company’s operating margins, remained flat at 20.8%, largely led by lower operating expenses and a favourable currency mix during the quarter. </li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

In Q1FY24, Infosys Ltd (Infy) reported revenue of Rs 37,993 Cr, up 1.3% QoQ and 1.0% QoQ (in CC terms) which stood in line with our expectations.The company’s operating profit, too, stood in line with our expectations at Rs 7,891 Cr, reporting a growth of 0.2% QoQ.The company’s operating margins, remained flat at 20.8%, largely led by lower operating expenses and a favourable currency mix during the quarter. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Infosys Ltd. - Results Inline; Outlook Skeptical

India

Infosys Limited provides IT consulting and software services, including e-business, program management and supply chain solutions. The Group's services include application development, product co-development, and system implementation and system engineering. Infosys targets businesses specializing in the insurance, banking, telecommunication and manufacturing sectors.

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Infosys Ltd (INFO IN)

Infosys (INFY)'s US$1.1bn Buyback

Infosys has started a US$1bn buyback. This is small at 1.2-1.4% of shares out but it is a larger portion of Real World Float and so far is a VERY...

Travis Lundy

[Week 7] Namaste India 🙏 | Infosys Ltd (INFO IN) | Seasonal Sluggishness Now Consensus

The trade remains long Nifty. Names discussed include INFO, DMART, DELTACORP and HDFCAMC. The next two weeks are going to be busy as the full...

Pranav Bhavsar

Infosys Ltd. - Results Outperform; Outlook Skeptical

In Q2FY24, Infosys Ltd (Infy) reported revenue of Rs 38,994 Cr, up 2.8% QoQ and 2.3% QoQ (in CC terms) which stood above our expectations.

Axis Direct

Infosys Ltd - Robust Performance; Challenging Times Ahead in near Term

Despite this uncertainty and volatility, Infosys performed well and demonstrated its resilient enegmaent with its clients as well as its commitment...

Axis Direct

Infosys Ltd. - Results Inline; Outlook Skeptical

In Q1FY24, Infosys Ltd (Infy) reported revenue of Rs 37,993 Cr, up 1.3% QoQ and 1.0% QoQ (in CC terms) which stood in line with our expectations.

Axis Direct

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