The current market price of Infosys is Rs 696.40.
Time period given by the brokerage is one year when Infosys price can reach the defined target.
View of the brokerage on the company:
We lower earnings estimate by nearly 2 per cent on margin re-set factoring higher sub-contracting cost and accelerated onsite investments.
Expect rev/EPS CAGR of 9.2/11.7 per cent over FY18-21E factoring USD rev growth at 7.6/9.8/10.1 per cent and EBIT per cent at 24.3/24.9/25.1 per cent for FY19/20/21E, respectively.
Growth estimate imply CQGR of 2.1 per cent/2.2/2.2 per cent for FY19/20/21E. Maintain 'Buy' with target price of Rs 800, 18x Sep-20E-EPS.
Near-term outlook: 3Q to be impacted by furloughs, transition impact of large projects. Management maintained the revenue growth guidance and margin guidance for FY19E at 6-8 per cent YoY CC and 22 to 24 per cent, respectively. Announcement of USD 1.4bn one-time payout (dividend/buyback) will support valuations.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price