Infosys will announce its Q4 results on April 18. Infosys’ board will also recommend a final dividend for the financial year ending March 31, 2024.
Infosys Share Price Target 2024 & Q4 2024 results: India’s major IT firm, Infosys, is likely to announce its quarterly results or Q4 Results 2024. The company has already informed that its Board will commence on April 17 and 18 to approve and take on record the audited consolidated financial results for the fourth quarter and financial year 2023-24.
Know what can be Infosys share price target, dividend?
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Infosys Share Price Target 2024
Brokerage firm JM Financial Institutional Securities Limited gave a hold rating with share price target of Rs 1,570.
Last week Bank of America double upgraded the stock to ‘buy’ from the earlier ‘neutral’ view with the target price to Rs 1785 from the earlier Rs 1735. The new revised target implies nearly 21 per cent probable gains from the stock.
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Infosys Share Price In Last Week
Infosys shares on 10th April traded up by over 1 percent to day’s high after BOA upgraded the rating.
The upgrade has been effected in the counter making an early case for CY25 demand recovery. The institution maintains that normalization of the post covid spike in IT spends could be done with mid CY24. Also, compliance of the Basel requirements is expected to drive up regulatory tech spends by banks.
Infosys Dividend News
Infosys will announce its Q4 results on April 18. Infosys’ board will also recommend a final dividend for the financial year ending March 31, 2024.
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Infosys Q3 Results 2024
Infosys Q3 results were announced in January 2024, where in IT major’s consolidated profit declined from ₹6212 Cr to ₹6106 Cr (QoQ), Conso income declined from ₹38994 Cr to ₹38821 Cr (QoQ), declared ₹18/share dividend.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.)
