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Last Updated : Apr 15, 2019 04:03 PM IST | Source: Moneycontrol.com

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.

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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.




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First Published on Apr 15, 2019 04:03 pm
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