Views on Infosys signs multi-year agreement with Deutsche Bank: Angel Broking

Views of Ms. Sarabjit Kour Nangra (VP Research - IT, Angel Broking)

Infosys signs multi-year agreement with Deutsche Bank

'Infosys announced that it has signed a multi-year agreement with Deutsche Bank. Under the terms of the deal, Infosys will provide services like development, application maintenance, digital and mobility, package implementation and testing services across the Deutsche Bank Group. This is in sync with many orders announced by the company so far and has further enhanced the order pipeline of the IT Company. With strong order inflow the company, can beat its earlier guidance. Given the prospects and the valuations, we maintain our BUY on the stock with a price target of INR 1315.'

Shares of INFOSYS LTD. was last trading in BSE at Rs.937 as compared to the previous close of Rs. 937.7. The total number of shares traded during the day was 154023 in over 7338 trades.

The stock hit an intraday high of Rs. 951.85 and intraday low of 932.55. The net turnover during the day was Rs. 144972429.

Source : Equity Bulls

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