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Buy Infosys; target of Rs 1300: JM Financial

Retrieved on: 2018-04-22 19:37:30

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<div><b>Infosys</b> (INFO) kept the hopes of a demand recovery live with an in - line 4QFY18 results/FY19 guidance. However, the unexpected lowering of the EBIT margin band to 22 - 24% (from the current 23 - 25%) was a disappointment, especially given the currency tailwinds. The reasons for reset appear to be ...</div>

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