Buy Infosys, target Rs 1,200: Motilal Oswal Securities

Motilal Oswal Securities has buy call on Infosys with a target price of Rs 1,200.

The current market price of Infosys is Rs 985.35.

Time period given by analyst is one quarter when Infosys price can reach defined target.

Infosys, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 226329.44 crore) operating in Information Technology sector.

Infosys key Products/Revenue Segments include Software Development Charges which contributed Rs 59257 crore to Sales Value (99.94 % of Total Sales) and Software Products which contributed Rs 32 crore to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 17078 crore, down .25% from last quarter Sales of Rs 17120 crore and up 1.76% from last year same quarter Sales of Rs 16782 crore.

The company’s top management includes 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 BSR & Co. LLP as its auditors. As on 31-03-2017, the company has a total of 2,294,857,897 shares outstanding.