Buy this stock to make profit; here is why

Apr 16, 2018, 14:46 PM IST
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Infosys share price tanked sharply after the IT major's FY19 margin guidance disappointed the Street with brokerages having mixed views on stock outlook. The stock slipped as much as 6 per cent to Rs 1,099 in Monday's trade. 

1/5

CLSA on Infosys: Infosys Q4 numbers were inline on revenues and ahead on margins. Guidance suggests growth acceleration and stable client relationships. Reiterate BUY with a target price of Rs 1340.

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2/5

HSBC on Infosys: In-line 4Q, good FY19 revenue growth guidance. We value the stock at an unchanged 18x 12-month forward earnings (FY19e). Maintain Buy rating, and cut target price to Rs 1,230 (from Rs 1,275).

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3/5

Nomura on Infosys: Large segments sluggish, margin outlook weakens, and Street expectations likely to moderate. We maintain Reduce rating with a target price raised to Rs 1020 from Rs 990.

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4/5

Jefferies on Infosys: Another $2 billion pay-out; risk-reward favorable. Cut in margin guidance to 22-24 per cent was the key disappointment. We expect the new CEO to focus more on services vs products and on execution. We maintain buy with target price at Rs 1,340.

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5/5

Citi on Infosys: Weak on revenues; good margin performance. EBIT margin guidance of 22-24 per cent surprised negatively. Weaker fin services commentary than what it has been in the recent past. We maintain Neutral rating with a target price at Rs 1195

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