Keep accumulating Infosys for 2 months
Prev Close. 1140
May go down upto 1080 for giving us more accumulation opportunity
Results sessions will start soon. And Infosys have shown excitement in declaring results on 12th October which usually happens when they are confident on their quarter figures. Also, dollar strength recently is an advantage for export industry like IT. Companies like TCS, Infosys are the major beneficiaries of dollar strength. Additionally Infosys order books and clients books saw drastic change this year adding revenue to the company
So, overall sales increase due to new clients, profitability increase due to dollar strength, thereby overall increasing net profit. Market may start reacting to infosys from 30th September. So accumulate infosys by 28,29th September and sit tight for a month. In normal consideration, I see the target of 1350 in 2 months, but if new clients and payment is realised on account books then we may see 1450, safe traders may start booking from 1300 onwards. Final target will be calculated based on results on 12th October
Happy Investing!!!!!
#JTtime.blogspot.com
Prev Close. 1140
May go down upto 1080 for giving us more accumulation opportunity
Results sessions will start soon. And Infosys have shown excitement in declaring results on 12th October which usually happens when they are confident on their quarter figures. Also, dollar strength recently is an advantage for export industry like IT. Companies like TCS, Infosys are the major beneficiaries of dollar strength. Additionally Infosys order books and clients books saw drastic change this year adding revenue to the company
So, overall sales increase due to new clients, profitability increase due to dollar strength, thereby overall increasing net profit. Market may start reacting to infosys from 30th September. So accumulate infosys by 28,29th September and sit tight for a month. In normal consideration, I see the target of 1350 in 2 months, but if new clients and payment is realised on account books then we may see 1450, safe traders may start booking from 1300 onwards. Final target will be calculated based on results on 12th October
Happy Investing!!!!!
#JTtime.blogspot.com
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