Buy Infosys, target Rs 755: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has a buy call on Infosys Ltd. with a target price of Rs 755. The current market price of Infosys Ltd. is Rs 721.85 Time period given by analyst is Intra Day when Infosys Ltd. price can reach defined target. Chandan Taparia recommended to keep stoploss at Rs 708.
Infosys Ltd., incorporated in 1981, is a largecap company with a market cap of Rs 315331.73 crore.
Infosys Ltd. key Products/Revenue Segments include Software Development Charges which contributed Rs 61910.00 Crore to Sales Value (99.94 % of Total Sales) and Software Products which contributed Rs 31.00 Crore to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 19128.00 Crore, up 5.78 % from last quarter Sales of Rs 18083.00 Crore and up 12.00 % from last year same quarter Sales of Rs 17078.00 Crore Company has reported net profit after tax of Rs 3612.00 Crore in latest quarter. The company’s top management includes Dr.Punita Kumar Sinha, Mr.D N Prahlad, Mr.D Sundaram, Mr.Michael Gibbs, Mr.Nandan M Nilekani, Mr.Salil Parekh, Mr.U B Pravin Rao, Ms.Kiran Mazumdar Shaw, Ms.Roopa Kudva. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 07-09-2018, the company has a total of 4,368,382,980 shares outstanding.