Get App
Last Updated : Sep 07, 2016 10:51 AM IST | Source:

Buy Infosys; target of Rs 1400: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Infosys has recommended buy rating on the stock with a target price of Rs 1400 in its research report dated August 29, 2016.

  • bselive
  • nselive
Todays L/H

Prabhudas Lilladher's research report on Infosys

We attended Infosys analyst meet where the company re‐iterated its “renew and new” strategy and shared its progress on strategic initiatives such as zero distance, design thinking, and recently launched artificial intelligence based MANA platform. Infosys has adopted a universal applicable strategy of ‘Renewing the core businesses’ and ‘innovate into new businesses’. This strategy will be aided by a) operational excellence, b) utilization improvement, c) balance of onsite/offshore mix, d) sales efficiency and e) large deal wins.   

Company also outlined short‐term concerns which may pose downside risk to FY17 guidance. We believe that, despite the short term challenges, company is progressing well on the strategic initiatives and there are early indicators of success. We re‐iterate BUY with TP of Rs 1,400 based on 19x FY18 EPS.

For all recommendations, click here

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

Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year.

First Published on Sep 7, 2016 10:51 am
Follow us on