JM Financial is bullish on Infosys has recommended buy rating on the stock with a target price of Rs 1150 in its research report dated January 12, 2018.
Edelweiss is bullish on Infosys has recommended buy rating on the stock with a target price of Rs 1265 in its research report dated January 12, 2018
Motilal Oswal is bullish on Infosys has recommended buy rating on the stock with a target price of Rs 1250 in its research report dated January 12, 2018.
The BSE Information Technology index was trading with gains of 1.54 per cent at 12213.70. It touched a high of 12,272.23 points.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell PNB and HPCL and can buy Hexaware, Infosys, Jubilant Foodworks and Sun Pharma.
The market breadth was in favour of the declines on Wednesday morning with 357 stocks advancing as against 1276 declines while 373 remained unchanged. On the other hand, 619 stocks advanced and 1745 stocks declined while 80 remained unchanged on the BSE.
Parekh’s letter is in continuation of a long standing tradition at Infosys, where the CEO sends regular correspondence to Infosys employees, starting with beginning of and during their tenure.
The attrition rate at the top two software services firms in the country declined in the third quarter, as a result of higher variable payouts.
Speaking to the media and analysts after announcing the third quarter financial results, Nandan Nilekani said Salil Parekh has brought stability to Infosys.
Infosys' new CEO Salil Parekh on Friday said he will lay out strategic priorities for the company by April, for which a review is underway.
The IT firm has maintained its full year constant currency revenue growth guidance at 5.5-6.5 percent and EBIT margin at 23-25 percent.
Sanjiv Bhasin of IIFL expects at least 5 percent downside in IndusInd Bank and has HCL Tech as the top IT pick.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Chemicals, CG Power and SREI Infra.
The key things to watch out for would be its full year guidance and management commentary. Overall it is expected to be soft quarter due to seasonality.
The market breadth was in favour of the advances on Thursday morning with 805 stocks advancing as against 779 declines while 417 remained unchanged. On the other hand, 1152 stocks advanced and 961 stocks declined while 84 remained unchanged on the BSE.
Kotak Securities said the rationale of US IRS agreement is to enhance predictability of tax obligations for US operations. Agreement does not have any implications for other companies, it added.
The market breadth was in favour of the advances on Wednesday morning with 960 stocks advancing as against 649 declines while 389 remained unchanged. On the other hand, 1357 stocks advanced and 868 stocks declined while 89 remained unchanged on the BSE.
The reversal of the tax provisions will have a positive impact on its consolidated basic earnings per share (EPS) for the December, 2017 quarter by approximately USD 0.10, Infosys said in a statement.
Motilal Oswal is bullish on Infosys has recommended buy rating on the stock with a target price of Rs 1200 in its research report dated January 09, 2018.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Infosys, DHFL, Interglobe Aviation, M&M and South Indian Bank and can sell Andhra Bank.
Infosys is the top pick of CLSA for 2018 given reasonable earnings growth and rerating potential.
"I think the board under Nandan has done the right thing to correct the previous wrongdoings.. The salary structure for the current Chief Executive Officer Salil Parekh looks reasonable with a large part tied to variable salary with greater focus on long-term retention," he told PTI.
"Infosys CEO Salil Parekh will be paid a fixed salary of Rs 6.5 crores. He would be eligible for variable pay of Rs 9.75 crores at the end of the fiscal year," independent board member at Infosys Kiran Mazumdar Shaw told PTI here.
After Vishal Sikka's exit, the new CEO will have to walk a very tightrope in an attempt to balance his relationship with the founders of the company.
On his first day at the corner-office, Parekh met some employees and toured the sprawling Infosys campus.