BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nirmal Bang Securities retains sell on Infosys
Infosys deserves to get back its bellwether status. It is the only company that witnessed a revenue upgrade cycle in FY16, while most others have seen the reverse. But, IT sector revenue growth and price earnings multiple are likely to contract as US economy weakens in 2016 and 2017.