Accumulate Infosys; target of Rs 1110: Arihant Capital

Arihant Capital has recommended accumulate rating on Infosys with a target price of Rs 1110 in its research report dated January 13, 2017.

January 19, 2017 / 15:07 IST

26 Aug, 2025 12:21

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Arihant Capital's research report on Infosys

Top-line growth of Infosys has dropped by 1.4% qoq to $2,551mn. Rupee revenue decreased 0.2% qoq to Rs 17,273cr. Operating profit has increased by 0.6% on qoq to Rs 4,334cr and Net Profit has increased by 2.8% to Rs 3,708cr.

Outlook

We have assigned a PE of 15x to its FY18E earnings and have arrived at fair value of Rs 1,110 per share. At CMP Rs 1,035 stock trades at 13(x) its FY18E earnings. We have ACCUMULATE rating on the stock.

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first published: Jan 19, 2017 03:07 pm

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