Sharekhan research report on InfosysWith Infosys entering a soft phase ofgrowth in H2FY2016, we expect limited outperformance from the stock in near term. Nevertheless, the weakness in the stock will be a good entry point for the investors with an investment horizon of 12 months. We have broadly maintained our earnings estimates for FY2016 and FY2017, and expect earnings CAGR of 10% over FY2015-17. Under the leadership of Dr Vishal Sikka, Infosys is doing the right thing to invest in the digital space (both organic and inorganic), and improving client engagements through design thinking, automation and innovation (strong improvement in deal wins, client additions and operational efficiency is the testimonial to the fact). We maintain our Buy rating on the stock with a price target of Rs1,240For all recommendations, 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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