Buy Infosys, target Rs 785: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Infosys Ltd. with a target price of Rs 785. The current market price of Infosys Ltd. is Rs 767.15 Dr CK Narayan recommended to keep stoploss at Rs 760. Infosys Ltd., incorporated in 1981, is a largecap company with a market cap of Rs 335162.58 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 31-12-2018, the company has reported a Consolidated sales of Rs 21400.00 Crore, up 3.84 % from last quarter Sales of Rs 20609.00 Crore and up 20.27 % from last year same quarter Sales of Rs 17794.00 Crore Company has reported net profit after tax of Rs 3610.00 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 31-12-2018, the company has a total of 4,368,647,898 shares outstanding.