Target price for Infosys at Rs 2,200: Bhavin Shah

According to Bhavin Shah of Equirus Securities, the target price for Infosys is Rs 2,200. He advised buying the stock below Rs 2,000.

Shah told CNBC-TV18, “For people to buy Infosys, there will need to be a much better entry price in our view. So from current levels, if I talk about target price it is about Rs 2,200. So for somebody to buy this stock has to be below that maybe below Rs 2,000 even.”
“I do not know whether it will go there or not but clearly we do not see the opportunity to invest and expect positive returns over next 12 months based on the commentary and the outlook that company had provided over the next 12 months,” Shah added.