Arihant capital markets' report on InfosysInfosys continue to make changes on their renew-new strategy with focus on improving client relationship management, proposal quality as well as discipline around large deals. This quarter Infosys won 5 more deals with TCV of $983 mn. Company continues to focus on strengthening client relationship and delivering new and innovative solutions. Pricing environment is competitive which company is addressing through with improvement in productivity. We have assigned a PE of 16x to its FY17E earnings and have arrived at fair value of Rs 1,200 per share. At CMP Rs 1,122 stock trades at 15(x) its FY17E earnings. We have HOLD rating on the stock.For 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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