How brokerages are playing Infosys, Tata Motors & Dr Reddys

Mon, Jul 15, 2013 at 09:08

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Brokerage: ICICI Direct

Rating: Hold

Target: Rs 2650

Rationale: It expects revenues, EPS to grow 12%, 6% in FY14E translating to revenue. It now value Infosys at 14.8x its CY14E EPS estimate of Rs 179.4 and raises target price to Rs 2,650 versus Rs 2,450 earlier. 

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