Buy Infosys: Parag Parikh

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Buy Infosys: Parag Parikh

Parag Parikh Financial Advisory Services has recommended a buy rating on Infosys Technologies. Infosys has the most impeccable track record and has set new standards for management credibility.

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Parag Parikh Financial Advisory Services has recommended a buy rating on Infosys Technologies in its November 6, 2008 research report. "Infosys has the most impeccable track record and has set new standards for management credibility. It has clinched some transformational deals amidst the global BFSI turmoil. Its decision of not to go in for the price-war for Axon bid, speaks highly of the management & investment culture of country's most admired company."

"There are some risks to its share price on account of the high exposure to BFSI (clear slow down in growth rates) and the markets fascination for PEG. But still for Infosys, it is still 'Test of faith' v/s. 'Leap of faith' for many others. Infosys trades at 12.x FY09E earnings of Rs 102.50 per share, Buy," says Parag Parikh Financial Advisory Services' research report.

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

To read the full report click on the attachment......