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Buy Infosys target of Rs 820: Sharekhan

January 14
11:25 2020

Sharekhan’s research report on Infosys

Revenue remained in-line with our estimates, while margins missed our estimates slightly; net profit beat on account of higher other income and lower tax provision. Raised revenue growth guidance to 10-10.5% in CC from 9-10% earlier, ahead of our estimates. Clean chit to both CEO and CFO in whistleblower issue allays the concerns and removes overhang on the stock.

Outlook

We maintain our Buy rating on Infosys with a revised price target of Rs. 820.

For all recommendations report, click here

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