The brokerage slashes its earnings by <1% for FY23E-25E post Q3 performance.

Promoters held 74.99 per cent stake in the company as of 31-Dec-2022, while FIIs owned 8.59 per cent, DIIs 7.06 per cent.

Promoters held 67.24 per cent stake in the company as of 30-Sep-2022, while FIIs owned 20.23 per cent, DIIs 6.43 per cent.

Promoters held 25.73 per cent stake in the company as of 30-Jun-2022, while FIIs owned 40.26 per cent, DIIs 19.16 per cent.

The brokerage estimates a ~19% PAT CAGR over FY22-25, with RoA/RoE at 2.0%/17.7% in FY25. Further, it expects the stock to perform gradually as the margin profile revives and the merger-related overhang eases.

The brokerage estimates an EBITDA/PAT CAGR of 28%/26% over FY23E-25E. value the company at 50x EV/EBITDA on the FY24E basis.

Motilal Oswal maintains its Neutral stance as it views the current valuation as fair. The brokerage's TP implies 16x FY24E EPS.

HDFC Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 889089.49 Crore).

On the swing charts, stock has failed to give a bullish follow-through in its recent pullback.

Bajaj Finance, incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 366402.74 Crore) operating in NBFC sector.

IDFC has broken out from a “Bullish Flag and Pole”pattern indicating revival of bullish sentiments.i

The brokerage maintains a Buy rating on Infosys with an unchanged PT of Rs. 1,730 given strong deal pipeline, its end -to-end capabilities and prowess in digital areas, analytics, automation and Cobalt cloud.

The stock after the decent correction witnessed has bottomed out near the previous low of 1630 zone to form a double bottom formation pattern on the daily chart and with a small pullback witnessed has shown signs of improving the bias to anticipate for further rise with a trend reversal.

Infosys, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 621685.48 Crore) operating in IT Software sector.

Improvements to our EPS expectations lead us to continue ascribing an OUTPERFORM rating with a target price of Rs 1198.

Due to a recent increase in the stock price and its lower estimates, the brokerage has revised its rating to ADD with a new target price of Rs.1,207 implying a price multiple of 18 on NTM EPS of Rs.67.

Promoters held 51.83 per cent stake in the company as of 30-Sep-2022, while FIIs owned 22.43 per cent, DIIs 16.55 per cent.

The proposed listing of the DLM (DRHP filed) will lead to value unlocking. For FY23E, the management expects double-digit organic growth, ~14-15% inorganic and EBIT margin of ~13-14%. The brokerage increases its FY24/25E EPS estimate by ~2-4%, led by improving visibility.

Margin levers include large scope for utilisation increase, following strong fresher hiring.

Promoters held 49.79 per cent stake in the company as of 30-Jun-2022, while FIIs owned 23.2 per cent, DIIs 14.5 per cent.