Last Updated : Apr 16, 2018 03:47 PM IST | Source:

Hold Infosys; target of Rs 1184: KR Choksey

KR Choksey recommended hold rating on Infosys with a target price of Rs 1184 in its research report dated April 16, 2018.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

KR Choksey's research report on Infosys

Revenue in dollar terms reported at $2,805 Mn (+1.8%) qoq that was above our estimates of $2,783 Mn. The revenue was supported by the currency tailwind of ~100 bps coupled with improvement in business verticals, especially Insurance and Energy & Utility. The operating margin for the quarter reported at 24.7% (+40 bps) qoq owing to improvement in utilization and price realization.

We have assigned a “HOLD” rating to the stock and we assign a multiple of 15.5x to its FY20E EPS of INR. 76.4 to arrive at a target price of INR 1,184.

For all recommendations report, click here

Disclaimer: 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.

First Published on Apr 16, 2018 03:47 pm
Follow us on
Available On