infosys technology (UBS) Weak Q4, conservative guidance

Q4 FY11 disappoints due to sequential volume decline; 300bp margin decline guidance for FY12 is unduly conservative; Board level changes announced, senior management changes likely; Valuation: maintain Buy; removing Short-Term rating
Date Rating Target Price Recommendation Price Broker house
18 Apr 2011 buy 3550 (from 3700) 3306 UBS Report

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