Buy Infosys; target of Rs 840: Sharekhan

Sharekhan is bullish on Infosys has recommended buy rating on the stock with a target price of Rs 840 in its research report dated April 12, 2019.

Broker Research

April 15, 2019 / 16:03 IST

live

bselive
nselive

Volume

Todays L/H

Sharekhan's research report on Infosys

Revenues in-line for the quarter, with growth in constant currency (CC) revenue led by ramp-up of deals. EBIT margin declines on a q-o-q basis to 21.4%, owing to higher investments in digital and localisation. Muted CC revenue growth guidance of 7.5-9.5% as well as weak margin guidance projected for FY2020E.

Outlook

We maintain our Buy rating on Infosys with an unchanged price target of Rs. 840.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research

first published: Apr 15, 2019 04:03 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347