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Several brokerage firms reduced their target price for Infosys stock after the IT major lowered its revenue forecast for FY25, citing unclear prospects for discretionary spending and reported weaker-than-expected Q4 earnings. Infosys slashed its revenue guidance for FY25 to 1-3% from 4-7% a year ago. It has revised its annual revenue growth guidance five times in the previous five quarters.
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Angel One declared their Q4 FY24 results on 17 Apr, 2024. The topline increased by 51.69% & the profit increased by 27.36% YoY. The Selling, general & administrative expenses rose by 12.11% q-o-q & increased by 110.38% Y-o-Y. The operating income was up by 33.85% q-o-q & increased by 15.26% Y-o-Y. The EPS is ₹40.03 for Q4 FY24 which increased by 26.47% Y-o-Y.
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The subscription for Vodafone Idea's Rs 18,000 crore follow-on public offer (FPO) reached nearly halfway by the end of the second day, with bids received for 49% of the shares on offer. The portion designated for qualified institutional buyers (QIBs) and non-institutional investors continued to attract strong interest, while bids from retail investors remained subdued.
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