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Last Updated : Aug 26, 2015 09:21 AM IST | Source: CNBC-TV18

Jefferies ups Infosys to buy; target Rs 1260

Brokerage firm Jefferies has upgraded the company‘s rating to a buy from underperform and has raised the target as well.

Brokerage firm Jefferies has upgraded Infosys’s rating to a ‘buy’ from ‘underperform’ and has raised target to Rs 1,260 per share from Rs 900 per share. The firm expects Infosys’s FY16 revenue growth to be higher with new deals, better management and weaker rupee.

Arvind Infra – The stock will be listing in today’s session. The shareholders will get one share of Arvind Infra for every 10 shares of Arvind. The company will enter into real estate development business with joint venture partners.

Stocks that saw delivery based buying on Tuesday’s trade – HDFC, ICICI Bank, Axis Bank, Reliance, Indiabulls Housing and Tata Motors.

Other stocks to watch out for are TCS and HCL Tech.

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First Published on Aug 26, 2015 08:50 am
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