Infosys is a buy for us ahead of its results. With it’s core business from USA, the strong dollar will create an inflow of additional exchange rate revenue for the company. The company has begun it’s three year change with the direction of the new CEO and believe this is a change for good. The company is fundamentally strong, and IT business is something that is emerging as a necessity. We are quite bullish on Infosys and believe it is an excellent buying opportunity under Rs. 2000. Any decline under 1950 is another opportunity to add holdings.
Disclaimer: We have investments into Infosys !
-Written by Shivam Parikh