ICICI Securities Limited

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Infosys Ltd (Infy) is one of the leading IT players catering to BFSI, retail, communication, manufacturing &amp; hi tech verticals.</li><li>The company generates &gt;58% of revenues from digital technologies</li><li>We continue to remain positive and retain our BUY rating on the stock. We value Infosys at Rs 2,300 i.e. 32x P/E on FY24E EPS</li></ul><div class="content-highlight"><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></div>

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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Infosys Ltd

Infosys Ltd: Strong Revenue, Margin Resilience Is Key