|Date||Rating||Target Price||Recommendation Price||Broker house|
|11 Apr 2011||neutral||3400||3227||JPMorgan Report|
infosys technologies (JPMorgan) Non-operating factors crucially influence Infosys' EPS growth in FY12E; accordingly, adjust the P/E multiple
Lower step-up in tax rates for Infosys helps it register higher earnings (EPS) CAGR over FY11-13; The contribution of other income to Infosys' FY12 is likely to be all-time high as % of PBT (at 14%).
Labels: Infosys Technologies