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Last Updated : Jul 15, 2019 03:02 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 July 12, 2019.

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Sharekhan's research report on Infosys


Revenue in-line for the quarter, with acceleration in y-o-y growth (12.4%) in constant currency (CC) terms. EBIT margin declines on a q-o-q basis to 20.5%, above our estimates, owing to rupee appreciation and wage revision. Raised revenue growth guidance to 8.5-10.0% in CC from 7.5-9.5% earlier, better-than our expectation of keeping guidance flat.


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 Jul 15, 2019 03:02 pm
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