Motilal Oswal maintains buy on Infosys
Motilal Oswal has maintained buy on Infosys for target price of Rs 1,200. It says Infosys's 1QFY18 revenues and operating margins came in marginally ahead of expectations, putting it on track to achieve the full-year guidance (6.5-8.5% YoY CC revenue growth at 23-25% EBIT margin).