Ways2Capital Reviews : Infosys Stock Gains Ahead Of Q1FY19 Numbers

Shares of Infosys gained over 1% in morning trade. The IT company will announce its June quarter earnings later in the day.

Consensus expectations for Q1FY19E:
Revenue – Rs19,097cr, up 5.6% qoq aided by a pick‐up in BFSI
EBIT – Rs4,540cr, up 1.5% qoq
EBIT Margin – 23.8%, contraction of 95bps qoq due to headwinds from wage hikes and visa impact
PAT – Rs3,727cr, up 1% qoq The stock price is currently trading at Rs1,311 up by Rs16.4 or 1.27% from its previous closing of Rs1,294.60 on the BSE.

The scrip opened at Rs1,310 and has touched a high and low of Rs1,319.45 and Rs1,308.05 respectively. So far 17,16,500 (NSE+BSE) shares were traded on the counter. 
 
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