ICICI Direct Assigns Buy Call To Large Cap IT Stock For 28% Return, Rs 17.50/Share Dividend

ICICI Direct has recommended investors to buy large cap stock, Infosys Ltd with target price of Rs 1600 per share. Last trading price of Infosys Ltd is Rs 1252.55 per share. If you buy Infosys Ltd shares now at last trading price, you can get potential upside of 28% and Rs 17.50 per share dividend. The company fixed June 2, 2023 as the record date for said dividend payment. Check details below:

Infosys Ltd Share Performance & Return: The last trading price of Infosys Ltd is Rs 1252.55 per share with intraday gain of 0.48%. The stock's 52-week high price is Rs 1672.45 per share and 52-week low price is Rs 1215.45 per share, respectively. The company has a market capitalisation of Rs 5,19,662.10 crore. The stock witnessed a decline of 20% in last 1-year and 7% return in last 2-years. It gave return of 89% in last 3-years. In last 5-years, Infosys shares jumped 111%.

Infosys Ltd Dividend Announcement: According to the BSE filing of Infosys dated April 13, 2023, "Recommended a final dividend of Rs 17.50/- per equity share for the financial year ended March 31, 2023." 8. The record date for the purposes of the Annual General Meeting and payment of final dividend is June 2, 2023. The dividend will be paid on July 3, 2023.

Infosys Ltd About: Infosys is a global leader in next-generation digital services and consulting. It enables clients in more than 50 countries to navigate their digital transformation. Established in 1981, Infosys is a NYSE listed global consulting and IT services company with more than 343k employees. From a capital of US$250, it has grown to become a US$ 18.21 billion (LTM FY23 revenues) company with a market capitalization of approximately US$ 72.35 billion, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of ICICI Direct. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.