Sell Infosys, target Rs 700: Kunal Bothra

Independent analyst Kunal Bothra has a sell call on Infosys Ltd. with a target price of Rs 700. The current market price of Infosys Ltd. is Rs 723.75. Time period given by analyst is Intra Day when Infosys Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 740. Infosys Ltd., incorporated in 1981, has a market cap of Rs 315680.46 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 31-03-2019, the company has reported a Consolidated sales of Rs 21539.00 Crore, up .65 % from last quarter Sales of Rs 21400.00 Crore and up 19.11 % from last year same quarter Sales of Rs 18083.00 Crore Company has reported net profit after tax of Rs 4078.00 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 31-03-2019, the company has a total of 4,361,733,444 shares outstanding.