IIFL India's Aniruddha Mehta feels that the July-September earnings announced by HCL Technologies disappointed on the valuations front. He feels that one can get slightly overweight on Infosys on good demand.
Aniruddha Mehta, Research Analyst at IIFL is of the view that one may pick KPIT Technologies and Persistent Systems within the IT space.
Aniruddha Mehta, Research Analyst at IIFL India has a positive view on Infosys.
IIFL expects the company to post 13 percent profit expansion to Rs 2700 crore and revenue growth of 2.6 percent in dollar terms quarter-on-quarter.
Infosys announced a better than expected earning in the first quarter on Friday morning. Aniruddha Mehta, Research Analyst, IIFL told CNBC-TV18 that he might increase his future earning estimate for the company. However, he is not going to increase the estimate for other IT companies based on Infosys result.
Infosys has target of Rs 2406, says Aniruddha Mehta, Research Analyst, IIFL.
Aniruddha Mehta, Research Analyst, IIFL advises to buy Wipro at current levels.
Aniruddha Mehta, Research Analyst, IIFL advises to buy HCL Tech at current levels.
Aniruddha Mehta, Research Analyst of IIFL India Pvt Client is positive on Wipro.
Infosys has target of Rs 2850, says Aniruddha Mehta, Research Analyst of IIFL India Pvt Client.
As Infosys continues its run on the bourses for the second day after its third quarter results, experts have begun re-rating the stock. Speaking to CNBC-TV18, Aniruddha Mehta, Research Analyst at IIFL finds the stock fairly valued and sets a target of Rs 2850 per share. He pegs FY 14 EPS at Rs 177 per share.
Aniruddha Mehta, Research Analyst at IIFL is disappointed with the result and told CNBC-TV18 that although, Infosys' volumes have been good, its pricing has not been good over the last few quarters. At the moment, he sees the stock settling at levels of Rs 2200-2300.
Post disappointing Infosys guidance for FY13 Aniruddha Mehta, Research Analyst, IIFL has reduced the the company's EPS estimates by about 5-6% for next year. "In the worse case secnario the EPS estimates would be 10%, so the price would come to around Rs 2,400 to 2,500," he told CNBC-TV18.
Aniruddha Mehta, research analyst, IIFL India Pvt Client expects TCS’ Q2 margins to expand by 60 bps. Rupee depreciation will have a positive impact on their margins but the IT giant is expected to report foreign exchange loss of Rs 175 crore.