Trading Idea – At current levels
of INR1,220, Infosys is interesting and can deliver decent near-term returns
with the company scheduled to report 4Q16 results on April 15, 2016.
Idea Rationale – Infosys reported
strong results for 3Q16 and also revised FY116 guidance upwards. With favourable
exchange rates, I expect 4Q16 results to remain robust. Further, I expect
higher dividends in 4Q16 with Infosys having significant cash glut. I will not
be surprised if the stock trends higher by another 10% from current levels
after 4Q16.
Long-Term View – Infosys is
witnessing gradually transition from a pure process driven company to a company
that is focusing increasingly on innovation to serve clients better. With $4.7
billion in cash & equivalents, I see Infosys pursuing more inorganic growth
to foray into innovation driven technologies and assets. I have a bullish view
on Infosys for the long-term as well.
Share Ideas - We
believe you have better investing and trading ideas to share. Just mail us at stockpicks786@gmail.com with a brief
write-up on your idea and we will publish it immediately.
Identifying a multibagger stock has never been so easy but once we identify it at the earliest then it's called true multibagger the hidden gem . Your post on Infosys will surely help tons of multibagger lovers. Thank you for the post please keep it on.
ReplyDelete