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Last Updated : May 23, 2019 11:13 PM IST | Source: Moneycontrol.com

Sell Infosys; target of Rs 700: Dolat Capital

Dolat Capital is bearish on Infosys has recommended sell rating on the stock with a target price of Rs 700 in its research report dated May 23, 2019.

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Dolat Capital's research report on Infosys


In the backdrop of an appreciating rupee and implementation of investments in sales, localization of workforce, and acquisitions to remain relevant, INFY’s margins have declined in almost all its business segments. Although there was topline growth and materialization of the deal pipeline into several large deals, ramping up these deals have not proved margin-accretive, as seen historically. The company completed several large acquisitions and has put the unsuccessful deals of the past behind.


Outlook


The management has said strategic investments will continue in FY20. Attrition also rose, as onsite opportunities fell.


For all recommendations report, click here


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First Published on May 23, 2019 11:13 pm
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