Buy Infosys target of Rs 820: Sharekhan

Sharekhan is bullish on Infosys has recommended buy rating on the stock with a target price of Rs 820 in its research report dated January 10, 2020.

Broker Research

February 13, 2020 / 13:06 IST

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Sharekhan's research report on Infosys

Revenue remained in-line with our estimates, while margins missed our estimates slightly; net profit beat on account of higher other income and lower tax provision. Raised revenue growth guidance to 10-10.5% in CC from 9-10% earlier, ahead of our estimates. Clean chit to both CEO and CFO in whistleblower issue allays the concerns and removes overhang on the stock.

Outlook

We maintain our Buy rating on Infosys with a revised price target of Rs. 820.

For all recommendations report, click here

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Broker Research

first published: Jan 14, 2020 10:46 am

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