Infosys
Brokerage: CLSA | Rating: Underperform
CLSA said that post-Infosys’ buyback announcement, the impact on FY19 EPS is likely to be 0.9 percent, while the return on equity may increase by 550 basis points. Further, it sees a significant senior level departures over the next six months till a new CEO is found. It also sees downside risks to the guidance for FY18/19 and pegs the acceptance ratio around 4.9 percent.
Grasim
Brokerage: Deutsche Bank | Target: Increased to Rs 1,290
Deutsche Bank said that strong core business growth and value unlocking to drive upsides for the stock.
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