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Last Updated : Aug 21, 2015 10:37 AM IST | Source: CNBC-TV18

Morgan Stanley gives thumbs up to Infosys's 'Aikido'

Infosys, on Thursday, unveiled its three new services collectively called 'Aikido', which will help the company in attaining its 2020 vision of making USD 2 billion revenue from the new offerings.

Infosys, on Thursday, announced three new services named ‘Aikido’. These services include knowledge based IT initiatives, platform-based services and design-based services. Brokerage firm Morgan Stanley has given a thumbs up to these initiatives saying it’s a step ahead in the company’s 2020 vision of USD 2 billion revenue from its new offerings.

Below are the other stocks to watch out for in today's trade: 

Maruti Suzuki – The company has increased prices of its cars, except the newly unveiled S-Cross, in the range of Rs 3,000 to Rs 9,000. Dealer margin and minor calibration led to rise in prices, the managements has said.

Lupin – Bank of America Merrill Lynch (BoFA ML) has raised its target price to Rs 2,020 per share on the back of US FDA approval for the drug, Fenofibrate, from its Goa facility. BoFA ML also raised FY16 earnings per share (EPS) target by 2 percent.

Tata Communication – As per an Economic Times report, Google and Amazon are in talks to buy the company’s data centre business at a deal value of USD 650-700 million. This deal will help the company reduce its debt, which stands at USD 1.4 billion currently.

Delta Corp – The company’s stock has corrected 27 percent since April 2015. While ace investor Rakesh Jhunjhunwala bought 35 lakh shares at Rs 70.6 per share, Route One Fund has sold its entire stake.

HCL Infosys – The company’s net sales for the June quarter rose to Rs 1685.5 crore against Rs 1,376.2 crore last year. Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter was Rs 5.6 crore.

Amtek Auto – The stock saw delivery quantity of one crore shares on Thursday against a 10 day average of 13.7 lakh shares, even as it continue to hurtle downhill on concerns relating to its debt.

Other stocks that fell on heavy delivery-based trades on Thursday’s trade were Bata, Indiabulls Housing Finance, Yes Bank and Central Bank of India.

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First Published on Aug 21, 2015 09:14 am
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