Buy Infosys; target Rs 3145: Firstcall Research

Brokerage house Firstcall Research is bullish on Infosys and has recommended buy rating on the stock with a target price of Rs 3145 in its July 12, 2013 research report.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset
moneycontrol.com

Home » News » Recommendations

Jul 15, 2013, 06.08 PM | Source: Moneycontrol.com

Buy Infosys; target Rs 3145: Firstcall Research

Brokerage house Firstcall Research is bullish on Infosys and has recommended buy rating on the stock with a target price of Rs 3145 in its July 12, 2013 research report.

Like this story, share it with millions of investors on M3

Buy Infosys; target Rs 3145: Firstcall Research

Brokerage house Firstcall Research is bullish on Infosys and has recommended buy rating on the stock with a target price of Rs 3145 in its July 12, 2013 research report.

Post Your Comments

Share Cancel

(more)

, Firstcall Research |

Firstcall's research report on Infosys

"Infosys's net profit increased to Rs 23740 million against Rs 22890 million in the corresponding quarter ending of previous year, an increase of 3.71 percent. Revenue for the quarter rose 17.17 percent to Rs 112670 million from Rs 96160 million, when compared with the prior year period. Reported earnings per share of the company stood at Rs.41.50 a share during the quarter, registering 3.71 percent decrease over previous year period. EBITDA is Rs.118440.00 millions as against Rs.100920.00 millions in the corresponding period of the previous year."

Outlook and Conclusion: "At the current market price of Rs.2808.00, the stock P/E ratio is at 14.92 x FY14E and 13.86 x FY15E respectively. Earning per share (EPS) of the company for the earnings for FY14E and FY15E is seen at Rs.178.87 and Rs.192.45 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 15 percent and 10 percent over 2012 to 2015E respectively. On the basis of EV/EBITDA, the stock trades at 11.04 x for FY14E and 10.15 x for FY15E. Price to Book Value of the stock is expected to be at 3.05 x and 2.50 x respectively for FY14E and FY15E. We expect that the company surplus scenario is likely to continue for the next three years, will keep its growth story in the coming quarters also. We recommend 'BUY' in this particular scrip with a target price of Rs 3145 for Medium to Long term investment," says Firstcall Research report.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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 here

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Buy Infosys; target Rs 3145: Firstcall Research

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login