New Buy Rating for Infosys Limited (INFY), the Technology Giant

In a report released today, Yogesh Aggarwal from HSBC maintained a Buy rating on Infosys Limited, with a price target of INR1,720.00. The company’s shares closed yesterday at INR1,447.90.

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According to TipRanks, Aggarwal is a 4-star analyst with an average return of 20.1% and an 87.88% success rate. Aggarwal covers the Technology sector, focusing on stocks such as Coforge Limited, Cyient Limited, and LTIMindtree Limited.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Infosys Limited with a INR1,689.71 average price target, implying a 16.70% upside from current levels. In a report released today, Nomura also maintained a Buy rating on the stock with a INR1,730.00 price target.

The company has a one-year high of INR2,006.80 and a one-year low of INR1,307.10. Currently, Infosys Limited has an average volume of 388.8K.

Based on the recent corporate insider activity of 202 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INFY in relation to earlier this year.