Infosys may touch Rs 4200: Hitesh Shah

Hitesh Shah, IT Analyst at IDFC Securities told CNBC-TV18, “We are looking at about 12-13 percent growth in dollar revenues in Infosys which is what is the most important figure from a next year perspective and which is already about 4-5 percent ahead of what Infosys has guided for and we have a 12 months price target of about Rs 4200 on Infosys.” At 11:04 hrs Infosys was quoting at Rs 3,285.05, up Rs 49.20, or 1.52 percent. The share touched its 52-week high Rs 3,847.20 and 52-week low Rs 2,190 on 03 March, 2014 and 29 April, 2013, respectively.