Sunday, April 16, 2017

Infosys - Avoid

Company Background :

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services.

The Company, along with its subsidiaries, provides business information technology services comprising :-

application development and maintenance,
independent validation, infrastructure management,
engineering services comprising product engineering and life cycle solutions and business process management;
consulting and systems integration services comprising consulting,
enterprise solutions,
systems integration and advanced technologies;
products, business platforms and solutions to accelerate intellectual property-led innovation,
including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.

Its segments are Financial Services and Insurance (FSI), Manufacturing and Hi-tech (MFG & Hi-TECH), Energy & utilities, Communication and Services (ECS), Retail, Consumer packaged goods and Logistics (RCL), and Life Sciences and Healthcare (LSH).

Stock Performance :
Not going anywhere - gets support around INR 900 and struggling to get past 1050

Future Outlook :
IT / Software Services industry is under cloud many blue chips are languishing and for the next year or 18 Months we do not expect any spectacular movement

Avoid

Smart Investor -
Equity Research

No.24 Pattamal Plaza
3rd Cross Kammanahalli
BANGALORE 560084

Whatsapp -09880080321
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