Infosys aims to double its growth in FY22
SECTIONS
Last Updated: Apr 15, 2021, 08:27 AM IST
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Synopsis
Infosys, while declaring its Q4 results and revenue growth guidance on Wednesday, also announced a share buyback worth Rs 9,200 crore and a final dividend payout of Rs 15 per share.
Agencies
Terming Infosys’ growth forecast as “an extremely strong guidance”, CEO Salil Parekh said that “this is coming with a strong foundation and demand is coming through (in) a broad-based way .
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NSE
Bengaluru | Pune:
Infosys Ltd. said it would double its growth in the current financial year, as India’s second largest software services exporter struck a confident note announcing a Rs 9,200-crore share buyback by paying not more than Rs 1,750 per share.
Bank, financial stocks get lion’s share from FPIs
April 08, 2021
The sector received ₹77,200 crore of fund flows in FY21
Banking and financial sector stocks are the biggest gainers of the record foreign portfolio investor (FPI) inflows into Indian equities in fiscal year 2021 (FY21). Driven by ample liquidity in global markets and early signs of economic recovery in India, FPIs pumped in a record investment of ₹2.74-lakh crore into Indian equities in FY21.
Of the total inflows, banks and other financial services (including FIs, NBFCs, AFCs, HFCs) alone netted ₹77,200 crore or 28 per cent of the total net inflow.
“Presently, the Indian economy is on a strong rebound and credit demand has started improving. The low-interest rate regime has become a major tailwind for segments like housing and automobiles,” VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, adding, “The prospects for large commercial banks, particularly the leading names in