Mar 07, 2013, 04.16 PM IST
Phani Sekhar, Fund Manager of Angel Broking recommended holding Infosys. He feels there is a lot of margin of safety in the stock.
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Hold Infosys advises Phani Sekhar
Phani Sekhar, Fund Manager of Angel Broking recommended holding Infosys. He feels there is a lot of margin of safety in the stock.
Like this story, share it with millions of investors on M3
Hold Infosys advises Phani Sekhar
Phani Sekhar, Fund Manager of Angel Broking recommended holding Infosys. He feels there is a lot of margin of safety in the stock.
Sekhar told CNBC-TV18, "There will be good going for Infosys in the future because we do expect the currency to remain weak which is the biggest tailwind. On top of that the kind of sequential improvement that they showed in Q3 is likely to sustain in Q4 and going forward as well. The commentary from the company is likely to be pretty positive towards the end of Q4 for FY14."
"So considering all that and even at Rs 3000 the stock is just trading at about 16 times as compared to 20 times which TCS is trading at. So there is a lot of margin of safety in Infosys. So the investor can safely hold on," Sekhar added.
highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Modified provisions under GAAR effective April 1, 2016
- No change in standard rate of excise duty, service tax
flashes
- FM speaks to CNBC TV18
- Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
- Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
- Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
InterpretationS
- GAAR-Presumes tax benefit unless proved contrary
- MFs covered for deductions u/s 80CCG
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
SECTOR IMPACT
Select Sector to see impact
- Auto - Cars & Jeeps
- Auto - LCVs/HCVs
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Hardware
- Computers - Software - Training
- Construction and Contracting - Real Estate
- Electricals
- Engineering - Heavy
- Finance - General
- Finance - Investments
- Infrastructure - General
- Leather Products
- Media & Entertainment
- Mining/Minerals
- Miscellaneous
- Personal Care
- Pesticides/Agro Chemicals
- Power - Generation/Distribution
- Refineries
- Shipping
- Sugar
- Textiles - Denim
- Textiles - General
Textiles - General
18:52 pm
Exice Duty on readymade garments exempted +ve for textile sector
TAX AND YOU
Salaried Person
REACTIONS
reaction on: Policy
Naina Lal Kidwai
Country Head | HSBC India
reaction on: Business
NK Jain
Vice-chairman | JSW Energy
reaction on: Markets
Mukesh Kumar
Head - Strategic Planning | HDFC ERGO General Insurance
reaction on: SME
Snehdeep Aggarwal
Founder & Chairman | Bhartiya International
reaction on: Policy
Sanjay Sanghvi
Partner | Khaitan & Co
What got Cheaper / costlier?
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