Infosys on track for industry level growth by June 2016, says Vishal Sikka

Infosys new management's maiden analyst day was marked by Chief Executive Vishal Sikka's reiteration of his "New+Renew" theme, CLSA says.

Infosys is exploiting its latent strengths in training and talent to catapult it back to industry leadership, says CLSA.

The company is looking to ignite new growth engines from new technologies like social, mobility, analytics and cloud. Infosys also seen increasing efficiencies in traditional verticals like financial and manufacturing.

"We were impressed by the fresh vision from a round of new faces heading key verticals and sources of differentiation around analytics and digital," CLSA note adds.

The investment bank reiterates its "buy" rating and price target of Rs 2,500.

Infosys sees future in new technology, investors are cheering its strategy shift, says CLSA.

The stock is up 20.6 per cent YTD compared with a 35.9 per cent gain in the Nifty.

(Reuters)