Net Sales are expected to increase by 3.2 percent Q-o-Q (up 1.9 percent Y-o-Y) to Rs. 17630.3 crore, according to Kotak.
Investors can earn an absolute return of 25-30 percent (subject to short term capital gains tax) over the next four months leading to an annualized return of 75-90 percent per annum while on the flip side acceptance ratio is likely to drop if a lot of new investors buy at current price with the objective of tendering the shares in buyback.
Nifty on Tuesday was trading in the green up 22.85 points at 10, 012 led by Reliance Industries, Infosys and Lupin which were among the top gainers, up 1.58 percent, 1.34 percent and 2.29 percent respectively.
Reliance Industries and Infosys were among the top gainers, up 1.73 percent and 1.36 percent respectively, apart from stocks like Lupin, UPL and Power Grid which gained up to 2.3 percent. In the Nifty50, the advance-decline ratio was in favour of the advances with 29 stocks advancing and 20 stocks declining.
VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities suggests buying TVS Motor, Tata Elxsi, Kotak Mahindra Bank, Yes Bank and IDFC Bank.
Siyaram Silk, HEG Limited, Jindal Worldwide, Goa Carbon and VIP Industries were the stocks that hit 52-week high in the Nifty while within the BSE Index, stocks like Gillette India, Kotak Mahindra Bank, Bharat Financial, Bata India, Tata Steel, TVS Motor and TVS Electronics hit 52-week high in today's trade.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Hindustan Unilever, Bata India and Godrej Consumer and can sell Cummins India and Dish TV.
India's second largest software services firm Infosys today said it has fixed November 1, 2017 as the record date for its up to Rs 13,000 crore share buyback programme.
The Bengaluru-based company, in the results of its postal ballot, also said the special resolution for the up to Rs 13,000 crore buyback offer has also been approved by the shareholders with 98 percent voting in favour, according to a regulatory filing.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Tech Mahindra, Motherson Sumi Systems and UltraTech Cement and can hold Jet Airways.
Nandani Nilekani was appointed Infosys Chairman in August after CEO Vishal Sikka resigned.
Infosys, in a statement, said it will also set up its first design and innovation centre in Helsinki to consolidate its presence in the Nordic region.
Budhiraja was a senior VP, and joined Infosys in August 2014 and was one of the 16 executives from SAP to join Infosys at the rank of associate VP.
In its report, the brokerage said that the company could struggle to replace its CEO with an optimal choice.
Sanjiv Bhasin of IIFL has ITC, Infosys, Dr Reddy's Labs and NBCC as the top picks.
Ashwani Gujral of ashwanigujral.com suggests buying IndusInd Bank, Raymond and CESC and advises holding Yes Bank.
According to Rahul Shah of Motilal Oswal, one can buy HDFC Bank, Infosys and Capital First.
Goldman Sachs expects stable pricing trends with neutral ratings on TCS and Infosys while it has downgraded Wipro from neutral to sell.
In July, Yusuf Bashir quit as Innovation Fund Managing Director. He was the Vice-President of new products at SAP and a former colleague of Sikka. Bashir had made 12 start-up investments, catering to the aim of Sikka to build tech innovation and get more clients under its fold.
Mitessh Thakkar of miteshthacker.com suggests buying Infosys and Allahabad Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Godrej Consumer Products, Petronet LNG, L&T Finance Holdings and Bajaj Finance and exit Infosys.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Infosys and buy Balkrishna Industries and JSW Steel.
The company said on Tuesday it has already hired close to 1,200 American workers
Infosys had announced the acquisition of the product design and customer experience (CX) company on August 3, 2017.
The country's second largest software services firm has also ramped up its hiring process in the US and European markets as it looks to tap opportunities and tide over visa- related issues.