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Buy Infosys; target of Rs 840: Sharekhan

Sharekhan is bullish on Infosys and has recommended buy rating on the stock with a target price of Rs 840 in its research report dated April 12, 2019. Infosys would gradually catch up in revenue growth with TCS in FY2020E and in-turn would narrow the valuation gap with TCS going forward, report said. The management cut its EBIT margin guidance to 21-23% for FY2020E. However, strong deal wins, healthy deal pipeline and additional revenue from acquistions would drive the revenue growth in FY2020E.

Read More at Moneycontrol News date : 15 Apr 2019, Monday

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