VN Research & Consulting
 Like us on facebook  Follow us on twitter  Follow us on LinkedIn  IndiaNotes on Google Plus  IndiaNotes on Pinterest  IndiaNotes on Stumbleupon  Subscribe to our feeds


Stocks  A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Go
Feedback
You are here : IndiaNotes >> Research & Analysis >> Companies >> Infosys Ltd. >> Research

Buy Infosys, Godrej CP; Sell Jubilant Foodworks, Oil India

Reliance Securities | 16 Jan, 2018  | Follow Author | Add to my Favourites 
  • Rate this article
    (Average Rating 2.0 Based on 1 ratings)


Infosys’ stock rose by 0.2% yesterday against 0.7% gains for the BSE Sensex. Infosys’ USD revenue rose by 1% QoQ in 3QFY18; a positive factor was growth in Insurance (+7.3% QoQ), Retail & CPG (+3.2%), Transport & Logistics (+6%) and Energy & Utilities (+6.5%). The IT major reported a 10bps QoQ EBIT margin expansion, led by all-time high utilisation and operational efficiency. Management alluded to an improvement in IT spending environment in CY18, with IT budgets in the key BFSI vertical likely to improve following rise in discretionary spend, while in Retail and CPG vertical, new opportunity conversions have been strong particularly in CPG. We have a BUY rating on Infosys with a target price of Rs 1,240.


Positional Pick


JUBLFOOD (PREVIOUS CLOSE: 1895) SELL


Fresh long position can be initiated in the range of Rs 1895-1925 for the target of Rs1750 with a strict stop loss of Rs1972.


Intraday Picks


OIL (PREVIOUS CLOSE: 378) SELL


For today’s trade, short position can be initiated in the range of Rs 379-382 for the target of Rs 370-364 with a strict stop loss of Rs 387.


GODREJCP (PREVIOUS CLOSE: 1001)BUY


For today’s trade, long position can be initiated in the range of Rs 1001-994 for the target of Rs 1018-1030 with a strict stop loss of Rs 986.


  Read full report Click here to read the full report

logo
BSE
1,134.70 +4.70
(0.42%)
NSE
1,136.95 +5.20
(0.46%)
Read More
About Reliance Securities

Reliance Securities, the broking arm of Reliance Capital, is one of the India’s leading retail broking houses, providing customers with access to equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate FDs amongst others. The large array of financial offerings helps customers fulfilling their investment objectives on one platform. Focus on timely & error-free execution represents its core strength. Their best in class research offerings, high degree of compliance with stock exchange regulations, ethical business standards, & strong risk management capabilities; Reliance Securities positions itself amongst strong & innovative brands in the financial services space.


For more information please write in to [email protected]


Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.

 




Technical Calls

What are technical calls?

Other Articles


Have a question?

Punit Jain
Founder - JainMatrix Investments - JainMatrix Investments