Tomorrow Infosys is going to come out with Results and lot of expectations are there.
Market expectations are that Infosys sales will be up around 8 to 10% and profit around 2%. The key is the guidance revision. FY08 Guidance for EPS was around 80. If Infy can up this to 83 or 84 then market will be pretty pleased with this and Infy can jump another 100 to 200 Rs on account of this.
If the results are not good and guidance is around 81, stock may react sharply as it has run up considerably. Markets will also depend on Infosys results and usually Infy delivers good numbers in Q2 which is a strong quarter.
Watch out for Infy results.
Wednesday, October 10, 2007
Infosys Results - What can we expect from this?
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Infy is also a co which does not give guidance just to please the market. They are a very straight forward co and has very good corporate goveranace. The sad part is that as part of this mega climb in index, Infy has hardly gone anywhere (although in relative terms, the move up from 1.6 level to 2.1 can be called a run up..by pales into comparison, from the run up of Reliance family for example..
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