Check out: 5 bluechips brokerages are playing today
Mon, Jul 01, 2013 at 09:09
Brokerage: Credit Suisse
Target: Rs 2700
Rationale: They expect margins to dip by 60 bps sequentially due wage hikes, promotions, impact of H-1b visa costs and additional expenses relating to the Lodestone acquisition. These will partly be offset by the impact of a cheaper rupee.