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Hi All,
Infosys's guidance for next year is 92-94 EPS which looks quite good.
It is probability that company might do acquisition in the range of 200-300 million dollar near term.
So What would be the target for Infosys in the short term and mid term?
23.6% = 1564
Immediate target38.2%= 1724
50% = 1860
Golden mean 61.8% = 1992
It will encounter resistance at
200 EMA = 1684
Yesterday buy was with huge volumes, it is likely possibility it will hit any of those targets.
If there are less bad news from global markets in coming days , I think share will try to reach to 2048/- w.r.t it's EPS growth fundamentally for FY08.
Target for FY09 with 19% EPS growth is 2437/- where it will trade at P/E = 28 at Estimated EPS of 85. This is a bit optimistic target.
If we re-rate the stock back to P/E = 22 at EPS of 85 it is safe to assume target of 2200.
Disclaimer: Sentiment from global markets will play a huge role in this
Last edited by man4urheart : 16th April 2008 at 02:48 PM.
I think the Infosys' stock will touch 200 EMA in the short-term.
Currently, the 200 EMA is at 1670.
If the stock is able to cross 1710, it may go to around 1835 and 1975.
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FY 2009 eps may come around Rs 96.
Even, if we give an optimistic 20 times forward multiple to Infosys, the price will be around Rs 1920 (20% above current price).
I don't think this (Rs 1600) is the right price to enter for investors.
One may wait for a price around Rs 1350 and maybe Rs 1100.
The growth is surely slowing down for the IT sector. IT companies are looking for geographical diversification, but they will never get the same margins from other regions as they do from US/EU.
I feel the best days for the IT sector are over and one should not expect these stocks to regain their past glory.
- It is forming a BULL FLAG.
- Target 2150 , once price breaks barrier of trending slope of BULL FLAG at 1800-1820!
- Price took support at 200 EMA and today it closed above 50 EMA!
Again ... There is nothing like technical Analysis
Hi buddy.
One thing i like to tell you that there is nothing like technical Analysis in situation like today.
one thing i like to tell you. last month i had bought TISCO...
20 share at 174 = 3480
30 share at 157 = 4710
avg of 164
i had sold 20 share on 3rd dec at 166 = 3320
i had sold 30 share on 4th dec at 182 = 5460
avg of 175.6
profit of around 11 X 50 = 550
THIS THING I HAD DONE IN AT LEAST 20 SHARE... LIKE UNITECH, TATA MOTOR, SUZLON, INDIAN HOTEL GMR, HDIL, TCS
the reason behind this i had decided at what price i want to buy share... and i am buying it for delivery and i am getting reward almost every time...
this also bring down cost of my share..
i am first buying share with every decline ... i mean if i bought 50 share at 100 then i am buying 60 share at 85 and even if it dips i am buying around 80 share at 70...
simple. buy higher qty with every decline and sale reverse when share price increase....
believe me there is nothing technical in this world...
when market was 21000 people were talking market will go to 30000... even with 22 PE... all were hopeful.
today with 8-9 PE... people suggesting don't buy... why???
i read about yr comment for NRE coke...
i like to tell you.. fundamentally within 3 yrs it will reach 50 rs...
i like to suggest people ( not for buying but where price will reach )....
I am very surprised at the lack of interest in Infosys. The last chart update was in 2008!
I am fairly certain of a strong resistance at 1720s (50% retracement), but beyond that I do not have any clues. Can somebody please provide with an chart update on this counter.
I usually go with high beta index stocks. But since this stock is always an outperformer in bear markets, I had some shares of Infosys as well. Now that the market is roaring, I wish to bail out of IT and probably get into Nifty. So I am wondering if there is a better opportunity to sell other than 1720.
Quote:
Originally Posted by man4urheart
Since last I posted, the triangle resolved to downside. We made new low 1040
Elliot wave count!
If my count is correct, we should be finishing correction soon!
Confession: This is one script which has proved me wrong most of times. I have stopped trading it! But use it as a learning experience!
Last edited by kkr555 : 3rd June 2009 at 11:10 AM.
I am very surprised at the lack of interest in Infosys. The last chart update was in 2008!
I am fairly certain of a strong resistance at 1720s (50% retracement), but beyond that I do not have any clues. Can somebody please provide with an chart update on this counter.
I usually go with high beta index stocks. But since this stock is always an outperformer in bear markets, I had some shares of Infosys as well. Now that the market is roaring, I wish to bail out of IT and probably get into Nifty. So I am wondering if there is a better opportunity to sell other than 1720.
This time my Elliot wave count did work!
One thing which is worrying me is that Volumes are not good with rise!
OBV has given a breakout, looks like infy is poised to go higher, but I want to wait for 2400 to be crossed. Also need to see some volume expansion!
Last edited by man4urheart : 16th September 2009 at 07:31 AM.
What does chart says about Infosys? What can be the short term targets(Next 4 trading days) of Infosys.
I have a CA-2650 of Infosys @15. My maximum loss is 3000. If the Infy can touch 2700 before 28th Jan, I will gain Rs 7000. If it touches 2800, my gain will be 27000. What are the chances that infy can hit 2700 or 2800 by 28th.
What does chart says about Infosys? What can be the short term targets(Next 4 trading days) of Infosys.
I have a CA-2650 of Infosys @15. My maximum loss is 3000. If the Infy can touch 2700 before 28th Jan, I will gain Rs 7000. If it touches 2800, my gain will be 27000. What are the chances that infy can hit 2700 or 2800 by 28th.
2590-2600 range is important.
If Infosys goes below 2590, it will turn weak.
2550 and 2500 will be the next possible targets.
I don't see much chance of 2700... at least not till expiry.
The markets have turned weak and it is very difficult for large cap stocks to move up in a falling market.
Most of the Indian stocks trading on American bourses tumbled today, with IT bellwether Infosys declining nearly 10 per cent, as renewed fears about global economic slowdown gripped investors.
Cash minting cow or main bread and butter of the company (USA) came up with 4 lakh people unemployment figure. Hence outsourcing companies will see more blood. As to reduce unemployment more stricter rules or taxes will be applied so locals get chance.
Infosys currently trading at 2727 with a dividend of Rs.15 per share, the record date being tomorrow (20th Oct 2011), what are your views on this stock? If I sell my shares on the record date will I get the dividend?
Infosys says business sentiment worst since November. Cuts guidance for FY12 due to Europe Crisis.
Quote:
"India is slowing down. We are talking about seven per cent (GDP) growth (for 2011-12) when the potential to grow is 12 to 13 per cent,"Chief Financial Officer V Balakrishnan added.
"The global economy, driven by slower growth in developed markets coupled with the European crisis, could impact the growth of the IT industry," Infosys Chief Executive S. D. Shibulal said
Infosys has given very conservative growth estimates. Apart from slowdown in China and India GDP, overall the world economy is in better shape than last year. Also the rupee is weak so exports should be more profitable. Demand should also improve in next quarter as per Nasscom.
Infosys has given very conservative growth estimates. Apart from slowdown in China and India GDP, overall the world economy is in better shape than last year. Also the rupee is weak so exports should be more profitable. Demand should also improve in next quarter as per Nasscom.
On contrary NASSCOM now saying after tcs ,wipro numbers they will look to see whether their guidance was correct or need to change.
I feel this all bailouts delay have caused this recession effect to last long. Else by 2012 all this bad news would have settled but now I don't see all getting settled before 2014.
Now Spain numbers are a big worry and this time a bailout may cause Germany to be out of Eurozone. Matters haven't been settled but just delayed and now this effect is seen.
Lehman crash was rightly done so that others could be saved. They didn't allowed Portugal economy to collapse, then they delayed Greece now it's Spain and their number is too big to settle.They should have allowed earlier collapse.
Infosys Technologies
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