Infosys

1336/1250 harmonic butterfly prz reversal zone.
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TCS Average PE for 10 Years is 25x
Closed at PE of 27.7x

Infosys average PE for 10 Years is 22x
Closed at PE of 24.4x

On Basis of 10 Yr Avg PE (Range)

TCS @ 2850-2875
Infosys @ 1270-1280

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Infosys has declared Rs 17.5/- Dividend.
Ex-Dividend date will be June 2.
Payment date will be July 3.

A Deep dive.

Infosys generally declares dividends twice historically.

1. After Q2 results. In October.
2. After Final results. In April. Like now.

Rs 16.5/- was declared during October 2022.

So, Total Dividend for Fy 23 would be Rs 34 (16.5+17.5).

Fy22- Dividend was Rs 31.

Its 9.7% increase in Dividend this time.

Fy 21- Rs 27/-. Fy 20- Rs 17.50/- . Increasing trend.

Great.

But this time mood is sombre. Why?

Say Your Talented child says that she will bring 16 marks out of 20 in exam. But she got 15.4.

For next year, She is predicting that she will get only 4 to 7 marks.

Infosys revenue was 15.4% this time & for fy 24 guidance is lowered to 4 to 7 percent.

Big drop.

But why?

88% Business comes from North America & Europe. There is slowdown going over there. Clients are cautious. Demand for services is low now.

Its like there is severe storm out & we are in the midst of it. Only we hope things to get better sooner.

For better dividend, more profit
is needed. So this is going to be an interesting year & I hope the storm to subside soon.
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