Clarity with respect to eligibility of IT/ITES companies for weighted deduction on R&D expenditure will help encourage investments in R&D, says a Care Ratings report on pre-Budget expectations.
It also expects deduction under Section 32AC to be extended to IT/ITES. Care says the companies are allowed a deduction of 15 percent on cost of investments. Such reduction in book profits will give the companies benefit of investments.
Infosys stock price
On February 12, 2015, at 10:07 hrs Infosys was quoting at Rs 2287.80, up Rs 0.60, or 0.03 percent. The 52-week high of the share was Rs 4401.00 and the 52-week low was Rs 1447.00.
The company’s trailing 12-month (TTM) EPS was at Rs 104.69 per share as per the quarter ended December 2014. The stock’s price-to-earnings (P/E) ratio was 21.85. The latest book value of the company is Rs 366.51 per share. At current value, the price-to-book value of the company is 6.24.