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Infosys gets a thumbs up from the Street; stock ends at record high

Most analysts have raised their 12-month price target for the stock, hoping for increased payouts to shareholders

Samie Modak 

Infosys
Infosys campus

Shares of rose 7.2 per cent to end at Rs 780, an all-time high, after the firm raised revenue growth forecast for FY20.

Most analysts have raised their 12-month price target for the stock, hoping for increased payouts to shareholders. Analysts, however, say rising employee attrition remains a key risks, given the strong demand. Citibank said the valuation gap between and TCS would narrow further.

Infosys gets a thumbs up from the Street; stock ends at record high

CLSA said would be one of the fastest-growing IT firms this financial year and has the potential to deliver “upside surprises” next year.

First Published: Tue, July 16 2019. 00:26 IST
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