Buy Infosys, target Rs 940: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Infosys with a target price of Rs 940.

The current market price of Infosys is Rs 912.

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

Kunal Bothra recommended to keep a stop loss at Rs 896.

Infosys, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 2,09,481.35 Crore) operating in Information Technology sector.

Infosys key Products/Revenue Segments include Software Development Charges which contributed Rs 59,257 Crore to Sales Value (99.94 per cent of Total Sales) and Software Products which contributed Rs 32 Crore to Sales Value (0.05 per cent 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 17,078 Crore, down 0.25 per cent from last quarter Sales of Rs 17,120 Crore and up 1.76 per cent from last year same quarter Sales of Rs 16,782 Crore Company has reported net profit after tax of Rs 3,554 Crore in latest quarter.

The company’s top management includes Dr.Punita Kumar Sinha, Mr.D N Prahlad, Mr.D Sundaram, Mr.Nandan Nilekani, Mr.U B Pravin Rao, Ms.Kiran Mazumdar Shaw, Ms.Roopa Kudva.

Company has BSR & Co. LLP as its auditors.

As on 30-06-2017, the company has a total of 2,296,944,664 shares outstanding.