Welcome to the fourth issue of the Safal Niveshak StockTalk. (Download PDF Report)
This time I delve deeper into Infosys, India’s most well-known, well-understood, and well-followed company, at least within the financial analyst community.
The funny part is that, if you see 100 research reports on Infosys from 100 different analysts, while all might be using a different way to arrive at their target prices for the stock, the targets will be just 5-10% of each other.
The reason is because, unlike a majority of other Indian companies, Infosys shares a future ‘expected’ EPS number with analysts, and what analysts do is use different routes to arrive at their estimated number which is very close to what Infosys has given! 🙂