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 maintains sell on Infosys
"Our sell rating is based on the view that the IT sectors revenue growth and P/E multiple are likely to remain compressed in the foreseeable future with earnings growth likely in low single-digits (Indian rupee or INR terms) and erosion of RoIC (return on invested capital)," the brokerage said.