Tuesday, July 15, 2008

BEST TIME TO INVEST IN INFOSYS SHARE

INFOSYS IS THE SAFEST BET NOW...DONT LOOSE THE OPPURTUNITY

INFOSYS is a one of the finest stocks in the market which has years of experience
in making many people filthy rich. I bet that Infosys in the year end will cross 1900 and will
be 2200 + by next year end.

But please wait to see if it comes to 1300 levels, then buy it blindly...safest bet which can
really make you rich.

Current research of Karvy on Infosys Technologies

Karvy Stock Broking has maintained its buy rating on Infosys Technologies with a target price of Rs 2250 in its July 15, 2008 research report. "Infosys for Q1FY09 reported a sequential revenue growth of 6.9% to Rs 48.54 billion, with onsite and offshore billing rates inching up by 2% and 1% respectively, in an environment, where getting billing rate increases are difficult. Over the last one quarter there is some worsening of the environment in US (particularly in BFSI and retail), but clients of Infosys has decided on stick to the budgets and there is no real threat its full year dollar revenue guidance of USD 4.97–5.05 billion, which it gave at the end of Q4."
"At the current price, the stock is trading 16xFY09E and 12xFY10E, and the return ratios are at healthy levels of close to 37%. Though the stock has fallen by more than 10%, post the results, mainly on the back that the company has not revised its dollar revenue guidance and the fear that the BFSI vertical might experience much weaker revenue growth going forward. We believe it is an ideal opportunity to accumulate as the company would be growing its earnings close to 30%, and maintain our BUY rating with a price target of Rs 2250, which would give a return of 40% over the next one year," says Karvy's research report.

1 comment:

Anonymous said...

Thats a great information..
Infosys can go to real heights
in less than a year.

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Will INFOSYS TOUCH 2000 BY THIS YEAR END??