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.
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.
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.