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Last Updated : Oct 15, 2020 03:19 PM IST | Source: Moneycontrol.com

Buy Infosys; target of Rs 1300: Sharekhan

Sharekhan is bullish on Infosys has recommended buy rating on the stock with a target price of Rs 1300 in its research report dated October 12, 2020.

Broker Research

Sharekhan's research repor on Infosys


We expect strong revenue growth in Q2FY2021, led by demand pick-up in both BFSI and retail verticals and ramp-up of large deals, while margin is expected to remain stable q-o-q. COVID-19 crisis has become a catalyst for Indian IT sector, with acceleration of demand for cloud by clients; Infosys is well-placed to participate in the transformation journey of clients given its full-service model.


Outlook


We maintain our Buy rating on Infosys with a revised price target to Rs. 1,300 by raising target multiple on expectation of strong results in Q2FY2021E.


For all recommendations report, click here


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First Published on Oct 13, 2020 11:05 am
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