Indian Stock Guidance | 2009 Infosys Results
1. Infosys has been affetced by recession and same is visible in its results as Infosys Q4 '09 consolidated net profit stands at Rs 1613cr versus Rs 1641cr (QoQ) and same has been reported by NDTV Profit. Even its consolidated net sales are at Rs 5635 as against earlier figure of Rs 5786. Moreover as a bolt from blue Infosys is seeing FY '10 dollar revenues down 6.7-3.1% and rupee revenue up 1.7-5.7%. Market has not taken results in a positive manner and same is reflected in downfall in the equity price. CNBC TV 18 has reported that Infosys' EBIDTA margins has declined at 33.6% versus the earlier figure of 35.1%. All brokerage houses are of the view that Infosys results were disappointment and its' FY10 EPS guidance which is on the lower side adds to woes of the mkt.2. As an aftermath one is likely to see stock price decline and as a suggestion one can enter in this stock around s 1250-1275 as its margins will be under pressure
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