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.
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.
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).
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.
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.
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