121. It is worth mentioning that Infoss is a safe buy with a one year hold period as even JP Morgan Research has also assigned an ‘overweight’ rating to the stock.
2. It is a well known fact that Infosys has beaten market expectations with its results for 2QFY09 results, however weak guidance is going to put pressure on the stock which is likely to impact the stock in FY10E (estimated) and Infosys is safe for a few next quarters.
3. Infosys will be in for trouble with effect due to pressure from customers in 2009/FY10 as year 2008-2009 will pass due to continued rupee/US$ depreciation). Infosys accepts the same as it has revised its guidance for FY09 consderably far more than market expectations. It is considerable to note that management has cuts its $ revenue/EPS guidance by 5%/5% for FY09.
4. One can use any panic sell off in this stock to enter in this stock as a good investment bet.
16 Oct 2008
Is Infosys a safe buy for investment now?
Is Infosys a safe buy for investment now?
2008-10-16T00:51:00+05:30
Analyst
INDIAN STOCK MARKET TIPS|
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