Infosys - 4QFY2017 Result Preview: Angel Broking

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

"Infosys is slated to announce its 4QFY2017 results tomorrow, we expect the company to post revenue of US$2,589mn with 1.5% QoQ growth, mostly volume led. In rupee terms, revenues are expected to de-grow by 0.2% QoQ to INR 17,244cr, lead by rupee appreciation. EBITDA margin is expected to dip by ~47bp QoQ to 27.1%, EBIT, on other hand, came in at 24.6%, a dip of 47bps QoQ. PAT is expected to be at INR 3,560cr, down 4.0% QoQ sequentially. The main factor to watch out is the FY2018 outlook. We maintain our BUY rating on the stock with target price of INR 1,249."

Shares of INFOSYS LTD. was last trading in BSE at Rs.968.8 as compared to the previous close of Rs. 967.15. The total number of shares traded during the day was 212099 in over 6185 trades.

The stock hit an intraday high of Rs. 976.05 and intraday low of 961.05. The net turnover during the day was Rs. 205463364.

Source : Equity Bulls

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