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Infosys shares: Brokerages raise target price post Q3 results

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Infosys shares: Brokerages raise target price post Q3 results

Shares of Infosys surged more than 1% to Rs 1,898 per share in opening trade on Thursday after the IT giant raised its revenue forecast, as it expects revenue to grow 19.5%-20% for the financial year ending March 2022, while It was 16.5% %-17.5% earlier forecast, while retaining its operating margin guidance.

India’s second-largest IT company reported a 12% rise in consolidated net profit to Rs 5,809 crore in the third quarter of fiscal 2022 from Rs 5,197 crore a year earlier, while its revenue rose 23% to Rs 31,867 crore. Revenue growth was strong. With high churn, Infosys managed profit margins well, led by pyramid management. We raise our FY22-24 forecast by 2-4% and expect Infosys to achieve a 15% EPS CAGR in FY22-24. Our top pick,” Jefferies said in a report.

It maintained a Buy rating with a revised target price of Rs 2,270 (from Rs 2,200). “While Infosys continues to outperform in terms of growth, the third-quarter results have inspired greater confidence in its ability to manage profitability. “

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The company posted a profit margin of 23.5% in the third quarter of fiscal 2022, up from 23.6% in the previous quarter. Infosys said growth in the quarter was broad-based, with strong deal momentum and rapid digital transformation across verticals and geographies.

Emkay also maintained a Buy rating with a revised target price of Rs 2,160 (previously Rs 2,100) given the strong earnings momentum and strong demand environment. According to the brokerage, Infosys remains confident of maintaining momentum on the back of broad demand, solid trading volumes and a healthy trading pipeline.

“Q3 FY22 block deal absorption was $2.5 billion (43% new), with 25 block deals signed during the quarter. The deal pipeline remains healthy, with a good mix of new and renewal deals, providing good revenue visibility,” the report said.

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

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The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

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  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

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In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

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