www.fgks.org   »   [go: up one dir, main page]

The Economic Times
English Edition
| 25 September, 2021, 06:59 AM IST | E-Paper
Search
+

Infosys Ltd.

  • 1,763.8521.30 (1.22%)
  • Volume: 82,80,446
  • Closed
  • Last Updated On: 24 Sep, 2021, 03:59 PM IST
OPEN TRADING A/C
STOCK SCORE
ETPrime Only

What’s Stock Score?

Stock Score is the Average Score from Stock Reports Plus by Refinitiv which combines quantitative analysis of widely used investment decision making tools. This score is on a 10 point scale (1 is lowest and 10 being the highest, NR indicates No-rating is available)

You can access 4000+ Stock Reports with ET Prime. Know More

  • Overview
  • News
  • Analysis
  • Recos
  • Financials
  • Forecast
  • Technicals
  • Peers
  • Shareholdings
  • MF
  • F&O
  • Corp Actions
  • About

Insights

View All
  • While the deal wins remained strong, margins expansion which started with sharp cut in operational costs due to covid-19 seems to be halted with margins contracting in first quarter of FY22. Higher attrition rate and pressure of rising wages are headwind which the company might face in near term. Digital segment of business continue to grow extremely well, which on the other hand would act as tailwind.

  • Given the abundant liquidity in the global markets, there had been little scope of gain due to moves in currency markets. With some signs of weakness in rupee, will currency gains make a comeback in Q2 of FY22, needs to be watched.

  • Will the new US administration continue it harsh policy on H1- B visa or relax it, as expected, is a factor which will impact the company’s near-term fortune. Though in the last few years, the Indian IT sector has learnt to live with the restrictions.

  • Company has spent less than 1% of its operating revenues towards interest expenses and 55.28% towards employee cost in the year ending Mar 31, 2021. (Source: Consolidated Financials)

InsightsInfosys Ltd.

  • Fiscal 22, Q1 – Start of normalization ?

    While the deal wins remained strong, margins expansion which started with sharp cut in operational costs due to covid-19 seems to be halted with margins contracting in first quarter of FY22. Higher attrition rate and pressure of rising wages are headwind which the company might face in near term. Digital segment of business continue to grow extremely well, which on the other hand would act as tailwind.

  • Currency gains - Will they be back ?

    Given the abundant liquidity in the global markets, there had been little scope of gain due to moves in currency markets. With some signs of weakness in rupee, will currency gains make a comeback in Q2 of FY22, needs to be watched.

  • New administration in White House

    Will the new US administration continue it harsh policy on H1- B visa or relax it, as expected, is a factor which will impact the company’s near-term fortune. Though in the last few years, the Indian IT sector has learnt to live with the restrictions.

  • Employee & Interest Expense

    Company has spent less than 1% of its operating revenues towards interest expenses and 55.28% towards employee cost in the year ending Mar 31, 2021. (Source: Consolidated Financials)

Do you find these insights useful?

  • hate it

  • meh

  • love it

Key Metrics

  • PE Ratio

    PE Ratio

    This is a ratio arrived at by dividing the current market price of a stock by its latest (annual or annualized) earnings per share. Here we have taken the TTM (trailing twelve months) adjusted earnings per share.

    (x)
    36.98
  • EPS - TTM

    EPS - TTM

    Earnings per share (TTM) tells the profit after tax earned on a per share basis by a stock over the last twelve months or four quarters.

    (₹)
    47.69
  • MCap

    MCap

    MCap or Market capitalization of a stock is calculated by multiplying the total number of shares outstanding of that particular stock with its current market price.

    (₹ Cr.)
    7,51,239
  • Sectoral MCap Rank

    Sectoral MCap Rank

    This is the ranking of a company within its sector based on MCap or Market capitalization. Higher the market capitalization of a company, higher the rank it is assigned.

    2
  • PB Ratio

    PB Ratio

    Price to Book represents the ratio of current market price of a stock to its book value per share. The book value itself is arrived at by dividing the net worth of a company by the total number of shares outstanding of the company at that time.

    (x)
    9.67
  • Div Yield

    Dividend Yield

    Dividend Yield calculates the amount of full year dividend declared by a company as a percentage of the current market price of a stock. All other things being equal, higher the dividend yield of the stock, the better it is for investors.

    (%)
    1.53
  • Face Value

    Face Value

    Face value of a stock is the value ascribed to the stock as per the balance sheet of the company. The dividend declared by a company is usually declared as a percentage of face value.

    (₹)
    5.00
  • Beta

    Beta

    1 Month0.83
    3 Months0.66
    6 Months0.38
    1 Year0.48
    3 Years0.48

    0.83
  • VWAP

    VWAP

    Volume Weighted Average Price represents the average price of a security over a particular time period (example one trading day) weighted by the volume traded at each price point.

    (₹)
    1,772.19
  • 52W H/L

    52W H/L

    This represents the 52 week high and low price of the security. It is also the 1 year high and low of the security. This represents the highest and lowest price touched by the security during the past 52 weeks or 1 year including today.

    (₹)
    1,788.00 / 970.00

Returns

  • 1 Day1.22%
  • 1 Week4.29%
  • 1 Month2.5%
  • 3 Months13.13%
  • 1 Year80.83%
  • 3 Years145.58%
  • 5 Years238.37%

Infosys Stock Analysis

Unlock Stock Score, Analyst' Ratings & Recommendations

Stock Analysis Non Prime User
  • View Stock Score on a 10-point scale
  • See ratings on Earning, Fundamentals, Valuation, Risk & Price
  • Check stock performance
START FREE TRIAL

Recommendations

Recent Recos

BUY

Current

Mean Recos by 44 Analysts

Strong
Sell
SellHoldBuyStrong
Buy
  • Target₹1744
  • OrganizationICICI Securities
  • BUY
  • Target₹1900
  • OrganizationEmkay Global Financial Services
  • BUY

Analyst Trends

RatingsCurrent1 Week Ago1 Month Ago3 Months Ago
Strong Buy21212221
Buy17171716
Hold4446
Sell222-
Strong Sell----
# Analysts44444543

Financials

  • Income (P&L)

  • Balance Sheet

  • Cash Flow

  • Ratios

  • MD&A

  • Insights

    • Employee & Interest Expense

      Company has spent less than 1% of its operating revenues towards interest expenses and 55.28% towards employee cost in the year ending Mar 31, 2021. (Source: Consolidated Financials)
    Quarterly | AnnualJun 2021Mar 2021Dec 2020Sep 2020Jun 2020
    Total Income28,518.0026,856.0026,538.0025,140.0024,140.00
    Total Income Growth (%)6.191.205.564.141.08
    Total Expenses21,293.0019,871.0019,338.0018,342.0018,300.00
    Total Expenses Growth (%)7.162.765.430.23-0.22
    EBIT7,225.006,985.007,200.006,798.005,840.00
    EBIT Growth (%)3.44-2.995.9116.405.40
    Profit after Tax (PAT)5,195.005,076.005,197.004,845.004,233.00
    PAT Growth (%)2.34-2.337.2714.46-2.04
    EBIT Margin (%)25.3326.0127.1327.0424.19
    Net Profit Margin (%)18.2218.9019.5819.2717.54
    Basic EPS (₹)12.2411.9512.2811.4510.07
    Quarterly | AnnualJun 2021Mar 2021Dec 2020Sep 2020Jun 2020
    Total Income24,284.0023,001.0022,946.0021,628.0020,803.00
    Total Income Growth (%)5.580.246.093.970.15
    Total Expenses17,759.0016,928.0016,020.0015,434.0015,394.00
    Total Expenses Growth (%)4.915.673.800.26-1.40
    EBIT6,525.006,073.006,926.006,194.005,409.00
    EBIT Growth (%)7.44-12.3211.8214.514.85
    Profit after Tax (PAT)4,723.004,459.005,083.004,497.004,008.00
    PAT Growth (%)5.92-12.2813.0312.20-1.50
    EBIT Margin (%)26.8726.4030.1828.6426.00
    Net Profit Margin (%)19.4519.3922.1520.7919.27
    Basic EPS (₹)11.0810.4711.9410.569.41
    Quarterly | Annual FY 2021 FY 2020 FY 2019 FY 2018 FY 2017
    Total Revenue1,02,673.0093,594.0085,557.0073,715.0071,564.00
    Total Revenue Growth (%)9.709.3916.063.019.15
    Total Expenses76,045.0071,587.0064,516.0053,374.0051,583.00
    Total Expenses Growth (%)6.2310.9620.883.4710.17
    Profit after Tax (PAT)19,351.0016,594.0015,404.0016,029.0014,353.00
    PAT Growth (%)16.617.73-3.9011.686.41
    Operating Profit Margin (%)26.6924.4225.4528.8429.17
    Net Profit Margin (%)19.2618.2718.6322.7220.95
    Basic EPS (₹)45.6138.9735.4471.0762.80
    Quarterly | Annual FY 2021 FY 2020 FY 2019 FY 2018 FY 2017
    Total Revenue88,379.0081,747.0075,959.0065,960.0062,351.00
    Total Revenue Growth (%)8.117.6215.165.799.41
    Total Expenses63,902.0061,270.0056,032.0046,052.0043,413.00
    Total Expenses Growth (%)4.309.3521.676.0810.22
    Profit after Tax (PAT)18,048.0015,543.0014,702.0016,155.0013,818.00
    PAT Growth (%)16.125.72-8.9916.918.86
    Operating Profit Margin (%)28.6326.0427.2532.1431.94
    Net Profit Margin (%)21.0019.6620.1126.0823.30
    Basic EPS (₹)42.3736.3433.6671.2860.16

    All figures in Rs Cr, unless mentioned otherwise

  • Annual FY 2021 FY 2020 FY 2019 FY 2018 FY 2017
    Total Assets1,08,386.0092,768.0084,738.0079,890.0083,355.00
    Total Assets Growth (%)16.849.486.07-4.1610.62
    Total Liabilities31,604.0026,924.0019,732.0014,966.0014,373.00
    Total Liabilities Growth (%)17.3836.4531.854.135.64
    Total Equity76,782.0065,844.0065,006.0064,924.0068,982.00
    Total Equity Growth (%)16.611.290.13-5.8811.72
    Current Ratio (x)2.542.622.843.553.83
    Total Debt to Equity (x)0.000.000.000.000.00
    Contingent Liabilities4,836.005,009.004,891.00--
    Annual FY 2021 FY 2020 FY 2019 FY 2018 FY 2017
    Total Assets93,939.0081,041.0078,930.0075,877.0079,885.00
    Total Assets Growth (%)15.922.674.02-5.029.83
    Total Liabilities22,408.0018,807.0016,219.0012,375.0011,868.00
    Total Liabilities Growth (%)19.1515.9631.064.271.87
    Total Equity71,531.0062,234.0062,711.0063,502.0068,017.00
    Total Equity Growth (%)14.94-0.76-1.25-6.6411.35
    Current Ratio (x)2.742.883.003.784.05
    Total Debt to Equity (x)0.000.000.000.000.00
    Contingent Liabilities4,372.004,730.004,617.006,068.007,727.00

    All figures in Rs Cr, unless mentioned otherwise

  • Insights

    • Conservative Profit Recognition

      Over last 5 years, operating cash flow has been continuously rising as compared to company's net profit. (Source: Consolidated Financials)
    • Increase in Cash from Investing

      Company has used Rs 7456.0 cr for investing activities which is an YoY increase of 3019.67%. (Source: Consolidated Financials)
    Annual FY 2021 FY 2020 FY 2019 FY 2018 FY 2017
    Net Cash flow from Operating Activities23,224.0017,003.0014,841.0013,218.0011,531.00
    Net Cash used in Investing Activities-7,456.00-239.00-575.004,452.00-14,542.00
    Net Cash flow from Financing Activities-9,786.00-17,591.00-14,512.00-20,505.00-6,939.00
    Net Cash Flow6,065.00-919.00-303.00-2,754.00-10,072.00
    Closing Cash & Cash Equivalent24,714.0018,649.0019,568.0019,871.0022,625.00
    Closing Cash & Cash Equivalent Growth (%)32.52-4.70-1.52-12.17-30.80
    Total Debt/ CFO (x)0.000.000.000.000.00
    Annual FY 2021 FY 2020 FY 2019 FY 2018 FY 2017
    Net Cash flow from Operating Activities19,902.0015,572.0013,989.0012,475.0010,478.00
    Net Cash used in Investing Activities-6,309.00-116.00-587.005,684.00-13,494.00
    Net Cash flow from Financing Activities-9,566.00-17,391.00-14,571.00-20,536.00-6,968.00
    Net Cash Flow4,050.00-1,989.00-1,219.00-2,383.00-10,023.00
    Closing Cash & Cash Equivalent17,612.0013,562.0015,551.0016,770.0019,153.00
    Closing Cash & Cash Equivalent Growth (%)29.86-12.79-7.27-12.44-34.35
    Total Debt/ CFO (x)0.000.000.000.000.00

    All figures in Rs Cr, unless mentioned otherwise

  • Annual FY 2021 FY 2020 FY 2019 FY 2018 FY 2017
    Return on Equity (%)25.3425.3523.7124.6820.80
    Return on Capital Employed (%)31.7330.8331.8330.9228.81
    Return on Assets (%)17.8517.8818.1720.0617.21
    Interest Coverage Ratio (x)137.55130.450.000.000.00
    Asset Turnover Ratio (x)92.6997.8697.5688.2782.15
    Price to Earnings (x)30.0316.3920.9215.4116.29
    Price to Book (x)7.614.154.963.803.39
    EV/EBITDA (x)18.5010.1113.1310.229.73
    EBITDA Margin (%)29.9427.6127.8831.4831.66
    Annual FY 2021 FY 2020 FY 2019 FY 2018 FY 2017
    Return on Equity (%)25.2324.9723.4425.4420.31
    Return on Capital Employed (%)32.2331.2831.3831.0027.80
    Return on Assets (%)19.2119.1718.6221.2917.29
    Interest Coverage Ratio (x)195.26180.620.000.000.00
    Asset Turnover Ratio (x)91.4597.5392.6281.6374.21
    Price to Earnings (x)32.3617.5422.0315.3416.98
    Price to Book (x)8.154.385.163.903.45
    EV/EBITDA (x)20.9911.4014.3010.8410.62
    EBITDA Margin (%)31.3328.7629.4434.4134.18
  • MANAGEMENT DISCUSSION AND ANALYSIS (FY 20-21)

    • Competition matrix

      We experience intense competition in traditional services and see a rapidly-changing marketplace with new competitors in niche technology areas who are focused on agility, flexibility and innovation. In future, we expect intensified competition. In particular, we expect increased competition from firms that offer technology-based solutions to business problems, cloud providers and from firms incumbent in those market segments. Additionally, insourcing of technology services by the technology departments of our clients is another ongoing competitive threat.

    • Customer and revenue matrix

      We added 475 new customers (gross) during fiscal 2021 as compared to 376 new customers (gross) during fiscal 2020. For fiscals 2021 and 2020, 96.2% and 97.5%, respectively, of our revenues came from repeat business, which we define as revenues from a client that also contributed to our revenues during the prior fiscal. On a consolidated basis, for the year ended March 31, 2021, approximately 97.1% were export revenues whereas 2.9% were domestic revenues, while for the year ended March 31, 2020, 97.4% were export revenues whereas 2.6% were domestic revenues.

    • Lower Travel expense

      On both standalone and consolidated basis, the travelling cost representing the cost of travel included in cost of sales constituted approximately 0.5% and 2.2% of total revenue for the years ended March 31, 2021 and March 31, 2020, respectively. The decrease in travel costs is on account of reduced travel and visa costs on account of pandemic.

Financial InsightsInfosys Ltd.

  • Income (P&L)
  • Cash Flow
    • Employee & Interest Expense

      Company has spent less than 1% of its operating revenues towards interest expenses and 55.28% towards employee cost in the year ending Mar 31, 2021. (Source: Consolidated Financials)

    • Conservative Profit Recognition

      Over last 5 years, operating cash flow has been continuously rising as compared to company's net profit. (Source: Consolidated Financials)

    • Increase in Cash from Investing

      Company has used Rs 7456.0 cr for investing activities which is an YoY increase of 3019.67%. (Source: Consolidated Financials)

Do you find these insights useful?

  • hate it

  • meh

  • love it

Forecast

  • PRICE

  • REVENUE

  • EARNINGS

  • Get multiple analysts’ prediction on Infosys

    Stock Forecast Non Prime User
    • High, low, medium predictions for Price
    • Upcoming predictions for Revenue
    • Details about company earnings
    START FREE TRIAL
  • Get multiple analysts’ prediction on Infosys

    Stock Forecast Non Prime User
    • High, low, medium predictions for Price
    • Upcoming predictions for Revenue
    • Details about company earnings
    START FREE TRIAL
  • Get multiple analysts’ prediction on Infosys

    Stock Forecast Non Prime User
    • High, low, medium predictions for Price
    • Upcoming predictions for Revenue
    • Details about company earnings
    START FREE TRIAL

Technicals

  • Buy / Sell Signals

  • Price Analysis

  • Pivot Levels & ATR

  • Chart

  • Bullish / Bearish signals for Infosys Ltd. basis selected technical indicators and moving average crossovers.

    MACD Crossover

    Bullish signal on daily chart

    Appeared on: 24 Sep 2021

    Region: Positive

    Last 4 Buy Signals:2 Aug 2021
    Date10 days Gain/Loss %
    2 Aug 20213.98%
    29 Jul 20210.40%
    21 May 20214.56%
    5 Apr 20214.80%

    Average price gain of 2.88% within 10 days of Bullish signal in last 10 years

  • 49%
    Positive Movement since
    1st Jan 2005 on basis
    51%
    Negative Movement since
    1st Jan 2005 on basis
    Exclude
  • Pivot Levels

    R1R2R3PIVOTS1S2S3
    Classic1783.751803.651839.201768.101748.201732.551697.00

    Average True Range

    5 DAYS14 DAYS28 DAYS
    ATR32.5329.4628.21

Peer Comparison

  • Stock Performance

  • Ratio Performance

  • Insights

    • Stock Returns vs Nifty 100

      Stock gave a 3 year return of 145.58% as compared to Nifty 100 which gave a return of 61.69%. (as of last trading session)
    • Stock Returns vs Nifty IT

      Stock generated 145.58% return as compared to Nifty IT which gave investors 127.61% return over 3 year time period. (as of last trading session)
    • 1D
    • 1W
    • 1M
    • 3M
    • 6M
    • 1Y
    • 5Y
  • Insights

    • Stock Returns vs Nifty 100

      Stock gave a 3 year return of 145.58% as compared to Nifty 100 which gave a return of 61.69%. (as of last trading session)
    • Stock Returns vs Nifty IT

      Stock generated 145.58% return as compared to Nifty IT which gave investors 127.61% return over 3 year time period. (as of last trading session)

    Ratio Performance

    NAMEP/E (x)P/B (x)ROE %ROCE %ROA %Rev CAGR [3Yr]OPMNPMBasic EPSCurrent RatioTotal Debt/ Equity (x)Total Debt/ CFO (x)
    Infosys36.989.7825.3431.7317.8511.5526.6919.3345.612.540.000.00
    TCS41.5916.4437.5247.2124.809.6027.7819.8386.712.910.000.00
    Wipro31.826.7319.6624.1013.044.0523.2417.5219.112.270.120.46
    HCL Tech32.286.1318.6023.7812.9313.6521.7014.8141.072.480.060.20
    Tech Mahindra30.525.5417.8120.8311.156.2116.1811.4950.642.460.070.21
    Add More
    Annual Ratios (%)

    Choose from Peers

      Choose from Stocks

      Peers InsightsInfosys Ltd.

      • Stock Returns vs Nifty 100

        Stock gave a 3 year return of 145.58% as compared to Nifty 100 which gave a return of 61.69%. (as of last trading session)

      • Stock Returns vs Nifty IT

        Stock generated 145.58% return as compared to Nifty IT which gave investors 127.61% return over 3 year time period. (as of last trading session)

      Do you find these insights useful?

      • hate it

      • meh

      • love it

      Shareholding Pattern

      • QOQ Change

      • Total Shareholdings

      • Showing Shareholding as on 30 Jun 2021
        Category30 Jun 202131 Mar 202131 Dec 202030 Sep 2020
        Promoters12.9512.9512.9512.95
        Pledge0.000.000.000.00
        FII33.3932.6732.2631.31
        DII21.9823.1023.7524.96
        Mutual Funds12.7513.2413.6714.23
        Others31.6831.2831.0430.78
      • Showing Shareholding as on 30 Jun 2021
        CategoryNo. of SharesPercentage% Change QoQ
        Promoters55,16,82,33812.95 %0.00
        Pledge00.00 %0.00
        FII1,42,21,01,88433.39 %0.72
        DII93,60,20,44821.98 %-1.12
        MF54,30,28,54812.75 %-0.49
        Others1,34,92,81,09331.68 %0.40

      MF Ownership

      MF Ownership as on 31 August 2021

      F&O Quote

      • Futures

      • Options

        • Expiry

        Price

        1,761.3019.00 (1.09%)

        Open Interest

        2,70,12,600-880,800 (-3.26%)

        OpenHighLowPrev CloseContracts TradedTurnover (₹ Lakhs)
        1,754.101,785.651,749.051,742.3012,4672,64,725.92

        Open Interest as of 23 Sep 2021

      Corporate Actions

      • Board Meeting/AGM

      • Dividends

      • Others
      • Meeting DateAnnounced onPurposeDetails
        Oct 13, 2021Sep 13, 2021Board MeetingQuarterly Results & Interim Dividend
        Jul 14, 2021Jun 14, 2021Board MeetingQuarterly Results
        Jun 19, 2021Apr 15, 2021AGM-
        Apr 14, 2021Apr 11, 2021Board MeetingAudited Results, F. Dividend & Buy Back
        Jan 13, 2021Dec 16, 2020Board MeetingQuarterly Results
      • TypeDividendDividend per ShareEx-Dividend DateAnnounced on
        Final300%15.0May 31, 2021Apr 15, 2021
        Interim240%12.0Oct 23, 2020Oct 14, 2020
        Final190%9.5May 29, 2020Apr 20, 2020
        Interim160%8.0Oct 23, 2019Oct 11, 2019
        Final210%10.5Jun 13, 2019Apr 12, 2019
      • All TypesEx-DateRecord DateAnnounced onDetails
        BonusSep 04, 2018Sep 05, 2018Jul 13, 2018Bonus Ratio: 1 share(s) for every 1 shares held
        BonusJun 15, 2015-Apr 24, 2015Bonus Ratio: 1 share(s) for every 1 shares held
        BonusDec 02, 2014Dec 03, 2014Oct 10, 2014Bonus Ratio: 1 share(s) for every 1 shares held
        BonusJul 13, 2006Jul 14, 2006Apr 14, 2006Bonus Ratio: 1 share(s) for every 1 shares held
        BonusJul 01, 2004Jul 02, 2004Apr 13, 2004Bonus Ratio: 3 share(s) for every 1 shares held

      About Infosys

      Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 751,238.84 Crore) operating in IT Software sector. Infosys Ltd. key Products/Revenue Segments include Software Development Charges and Software Products for the year ending 31-Mar-2021. Show More

      • Executives

      • Auditors

      • NM

        Nandan M Nilekani

        Chairman
        SP

        Salil Parekh

        Managing Director & CEO
        UB

        U B Pravin Rao

        Whole Time Director & COO
        BP

        Bobby Parikh

        Independent Director
        CN

        Chitra Nayak

        Independent Director
        DS

        D Sundaram

        Independent Director
        Show More
      • Deloitte Haskins & Sells LLP

      Key Indices Listed on

      Nifty 50, S&P BSE Sensex, Nifty IT, + 37 more

      Address

      No. 44, Hosur Road,Electronics City,Bengaluru, Karnataka - 560100

      Brands

      Infosys Share Price Update

      Infosys Ltd. share price moved up by 1.22% from its previous close of Rs 1,742.55. Infosys Ltd. stock last traded price is 1,763.85

      Share PriceValue
      Today/Current/Last1,763.85
      Previous Day1,742.55

      Trending in Markets

      DATA SOURCES: TickerPlant (for live BSE/NSE quotes service) and Dion Global Solutions Ltd. (for corporate data, historical price & volume, F&O data). Sensex & BSE Quotes and Nifty & NSE Quotes are real-time and licensed from BSE and NSE respectively. All timestamps are reflected in IST (Indian Standard Time).

      DISCLAIMER: Any and all content on this website including tools/analysis is provided to you only for convenience and on an “as-is, as- available” basis without representation and warranties of any kind. The content and any output of such tools/analysis is for informational purposes only and should not be relied upon or construed as an investment advice or guarantee for any specific performance/returns advice or considered as recommendation for the purchase or sale of any security or investment. You are advised to exercise caution, discretion and independent judgment with regards to the same and seek advice from professionals and certified experts before taking any decisions.

      By using this site, you agree to the Terms of Service and Privacy Policy.

      The Economic Times