Buy Infosys; target of Rs 4000: Firstcall Research

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

live

• bselive
• nselive

Volume

Todays L/H

More

×

Firstcall Research report on Infosys

"Infosys achieved a turnover of Rs 130260 million for the 3rd quarter of the current year 2013-14 as against Rs 104240 millions in the corresponding quarter of the previous year. The company has reported an EBITDA of Rs 39900 millions and a net profit of Rs 28750 million against Rs 23690 million reported respectively in the corresponding quarter of the previous year. The company has reported an EPS of Rs 50.26 for the 3rd quarter as against an EPS of Rs 41.42 in the corresponding quarter of the previous year."

"At the current market price of Rs 3562, the stock P/E ratio is at 19.06 x FY14E and 16.94 x FY15E respectively. Earning per share (EPS) of the company for the earnings for FY14E and FY15E is seen at Rs 186.92 and Rs 210.33 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 21 percent and 13 percent over 2012 to 2015E respectively. On the basis of EV/EBITDA, the stock trades at 13.83 x for FY14E and 12.19 x for FY15E. Price to Book Value of the stock is expected to be at 4.18 x and 3.36 x respectively for FY14E and FY15E. We recommend 'BUY' in this particular scrip with a target price of Rs 4000 for Medium to Long term investment," says Firstcall Research Report.

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.

Read More