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Buy Infosys, target Rs 860: Motilal Oswal Securities

Motilal Oswal Securities has a buy call on Infosys with a 1-year target price of Rs 860. The current market price of Infosys is Rs 725.40. Guidance for 7.5-9.5% revenue growth (in constant currency terms) for FY20 appears conservative and is almost similar to that of FY19. However, with a robust performance on deal wins, Infosys’s revenue momentum is catching up with leading peers such as TCS.  

Read More at The Economic Times News date : 15 Apr 2019, Monday

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