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%).
Date Rating Target Price Recommendation Price Broker house
11 Apr 2011 neutral 3400 3227 JPMorgan Report

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