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Centrum Broking gives buy on Infosys, target price Rs 850

Shares of Infosys closed at Rs 775, up 0.25%.

Last Updated: Jan 15, 2020, 09.18 AM IST
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Centrum Broking has given a ‘Buy’ rating to Infosys with a target price of Rs 850. Centrum believes that Infosys can comfortably deliver revenue guidance for FY20 since its revenues have grown 11.1% year on year in the first nine months of FY20. Further, attrition rate has moderated to 17.6% in third quarter of FY20 against 19.4% during the corresponding period last year. Shares of Infosys closed at Rs 775, up 0.25%.

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