Infosys Share Price Nse

Infosys Limited (NSE: INFY) is one of India's largest IT services companies. As of April 2022, the Infosys share price on the National Stock Exchange (NSE) has shown significant movement driven by the company's quarterly earnings, global demand for digital transformation, and overall market sentiment.

In Q4 FY22, Infosys reported a consolidated net profit of ₹5,686 crore, up 12% year-on-year. The strong performance was backed by large deal wins and robust revenue growth across verticals. Investors tracking the Infosys share price on NSE should keep an eye on the company's guidance and attrition rates, which are key factors influencing the stock.

Technical analysis suggests that the stock is trading within a range, with support levels at ₹1,700 and resistance at ₹1,850. Long-term investors remain bullish on Infosys due to its consistent dividend yield and strong fundamentals.

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Infosys Q4 FY22 Results Highlights

• Revenue growth of 22.7% YoY in constant currency.
• Net profit increased by 12% YoY to ₹5,686 crore.
• Added 2 large deals with total contract value (TCV) of $2.3 billion.
• Attrition rate climbed to 27.7%.
• FY23 revenue guidance set at 13-15%.

Infosys Share Price Target 2022

Several brokerages have revised their price targets for Infosys. Based on the company's strong order book and focus on digital capabilities, the average price target for Infosys share price on NSE is around ₹2,000, implying an upside potential of 8-10% from the current levels. However, concerns over supply-side constraints and wage inflation could impact short-term margins.