you are here: HomeNewsBusiness
Apr 19, 2017 02:02 PM IST | Source:

Buy Infosys; target of Rs 1200: Motilal Oswal

Motilal Oswal is bullish on Infosys has recommended buy rating on the stock with a target price of Rs 1200 in its research report dated April 13, 2017.

Buy Infosys; target of Rs 1200: Motilal Oswal

Motilal Oswal's report on Infosys

INFO’s CC revenue was flat, as against our estimate of +1% QoQ. The weak exit has led to guidance of 6.5-8.5% YoY CC growth for FY18, implying a CQGR of 2.2-3.0% v/s 1.4% CC CQGR in FY17. INFO’s guidance was keenly awaited as a cue to any potential recovery in demand given the positive BFSI undertones – which took a slight dent.


The stock trades at 14.4/13.1x FY18/19 earnings. Our FY17-19 CC revenue/USD revenue/EPS CAGR stands at 8.4/8.2/6.3%. Our target price of INR 1,200 (17x FY19 earnings) implies 29% upside.

For all recommendations, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Follow us on
Available On