With the announcement of the new CEO and MD – we would like to recommend a strong buy and accumulate for Infosys.
I believe Infosys is not over valued, but it valued correctly and should rise well over time.
I have always predicted that Mr. Murthy came to help with the change movement and all the senior directors who resigned were aware and had agreed on the move out of Infosys.
They knew the company needed a rebirth with a younger generation to pull on the next ten or twenty years and this is a good sign.
Though many people are unable to understand their balance sheet I believe based on their ethics and seeing what they did these last few months, the company is a good moral buy.
Disclaimer: I do hold Infosys as part of my portfolio.
-Written by Shivam Parikh