Infosys at lows , Buy Infosys on dips, says market experts

Buy Infosys below Rs 900, says Avinnash Gorakssakar
Avinnash Gorakssakar, Market Expert is of the view that one may buy Infosys below Rs 900.

Avinnash Gorakssakar, Market Expert told CNBC-TV18, "Vishal Sikka’s resignation has been a big negative surprise and this news has definitely not been liked by the market. Clearly today morning when the board reciprocated its view on Vishal Sikka’s letter, I think clearly it was evident that the entire board supported his view."

"If the investors have only a two to three year kind of a timeframe, then investing in Infosys would make sense and that too going against the short term trend. I would prefer to wait for the press conference today and then take a call. I think the buyback meeting is definitely crucial but I think more than the buyback what the management commentary is spelt out in the press conference is very important."

"However, longer term I think all these negatives would get factored in and would be neutralised. I think definitely we will be seeing a new CEO also coming in, but in the near term there could be a lot of sentimental and volatility effect on the stock. So, I would say that if the investor has a longer term timeframe, one should definitely buy the stock anything below Rs 900 levels. I think for a three year horizon definitely one could get reasonable risk reward kind of ratio," he added.

Further reading :Buy infosys at lower levels