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Buy Infosys, target Rs 1008: Siddharth Bhamre

Buy Infosys Ltd. at a price target of Rs 1008 and a stop loss at Rs 918.0 from entry point

ETMarkets.com|
Updated: May 18, 2017, 09.06 AM IST
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Independent analyst Siddharth Bhamre has a buy call on Infosys Ltd. with a target price of Rs 1008. The current market price of Infosys Ltd. is 952.2. Time period given by analyst is Intra Day when Infosys Ltd. price can reach defined target. Siddharth Bhamre recommended to keep stop loss at Rs 918.0 .

Infosys Ltd., incorporated in the year 1981, is a largecap company (with a market cap of ₹ 218715.07 crore) operating in Information Technology sector.

Infosys Ltd. key Products/Revenue Segments include Software Development Charges which contributed ₹ 53334.00 Cr to Sales Value (98.79 % of Total Sales) and Software Products which contributed ₹ 649.00 Cr to Sales Value (1.20 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of ₹ 17120.00 Cr., down -.89% from last quarter Sales of ₹ 17273.00 Cr. and up 3.44% from last year same quarter Sales of ₹ 16550.00 Cr. Company has reported net profit after tax of ₹ 3628.00 Cr. in latest quarter. The company’s CEO is Dr.Vishal Sikka. It's Board of Directors include Mr.A G S Manikantha, Mr.A G S Manikantha, Mr.Charles Henry Hawkes, Mr.David D Kennedy, Mr.H R Anil Kumar, Mr.Krishnamurthy Shankar, Mr.M D Ranganath, Mr.Mohit Joshi, Mr.Narsimha Rao Mannepalli, Mr.R Dinesh, Mr.Rajesh Krishnamurthy, Mr.S Raghavan, Mr.S Ravi Kumar, Mr.Sai Kumar Shamanna, Mr.Sandeep Dadlani, Mr.Shamita Chatterjee, Dr.Punita Kumar Sinha, Dr.Vishal Sikka, Mr.D N Prahlad, Mr.R Seshasayee, Mr.Ravi Venkatesan, Mr.U B Pravin Rao, Ms.Kiran Mazumdar Shaw, Ms.Roopa Kudva, Prof.Jeffrey S Lehman, Prof.John W Etchemendy. Company has its registered office at No. 44, Hosur Road, , Electronics City, Bangalore, 560100, Karnataka. Company has BSR & Co. LLP as its auditors. As on 31-03-2017, the company has a total of 2,294,857,897 shares outstanding.

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