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Buy Infosys, price target Rs 760: Shrikant Chouhan

The analyst suggested a stoploss at Rs 695

ETMarkets.com|
Updated: Dec 06, 2019, 08.44 AM IST
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Shrikant Chouhan of Kotak Securities Limited has a buy call on Infosys Ltd. with a target price of Rs 760. The current price of Infosys Ltd. is Rs 714.65. Time period given by the analyst is Intra Day when Infosys Ltd. price can reach the defined target. . Shrikant Chouhan recommended to keep a stoploss at Rs 695 .

Infosys Ltd., incorporated in 1981, has a market cap of Rs 304330.61 crore. 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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