Buy Infosys, target price Rs 758: Angel Broking

Angel Broking has given a buy rating to Infosys with a target price of Rs 758, marking 15.1 per cent over the CMP of Rs 658.

Under the management of Mr Salil Parekh, Infosys has become aggressive in terms of signing new deals which is expected to drive growth for the company. In FY19, the company won large deals of $6.3 billion as against $3.1 billion in FY18.

The share price moved up by 1.77 per cent from its previous close of Rs 658. The last traded price is Rs 669.65. Incorporated in 1981, Infosys has a market cap of Rs 280369.48 crore.