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Buy Infosys, price target Rs 745: Jay Thakkar

The analyst suggested a stoploss at Rs 699.

ETMarkets.com|
Updated: Dec 09, 2019, 09.07 AM IST
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Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 304543.53 Crore) operating in IT Software sector.
Jay Thakkar of Anand Rathi has a buy call on Infosys Ltd. with a target price of Rs 745.0 . The current price of Infosys Ltd. is Rs 715.15 . Jay Thakkar recommended to keep a stoploss at Rs 699 .

Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 304543.53 Crore) operating in IT Software sector.

Infosys Ltd. key Products/Revenue Segments include Software Development Charges which contributed Rs 72845.00 Crore to Sales Value (99.64 % of Total Sales) and Software Products which contributed Rs 262.00 Crore to Sales Value (0.35 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 21803.00 Crore, up 1.23 % from last quarter Sales of Rs 21539.00 Crore and up 13.98 % from last year same quarter Sales of Rs 19128.00 Crore Company has reported net profit after tax of Rs 3802.00 Crore in latest quarter.

The company’s top management includes Dr.Punita Kumar Sinha, Mr.D N Prahlad, Mr.D Sundaram, Mr.Michael Gibbs, Mr.Nandan M Nilekani, Mr.Salil Parekh, Mr.U B Pravin Rao, Ms.Kiran Mazumdar Shaw, Ms.Roopa Kudva. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-09-2019, the company has a total of 4,258,412,178 shares outstanding.

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