Hold Infosys, says A Madan

Ashu Madan of Religare is of the view that one should hold Infosys.

Madan told CNBC-TV18, "I wouldn’t recommend a sell Infosys; this is one of the rear times when we were going in for results without any expectations. So I feel the results would be in line with the expectations and in fact could spring in some positive surprises on account of rupee depreciation but then the important thing is to be seen that what the guidance on the dollar upward revision is. So if they improve it to may be a 21-22%, I don’t see too much of exuberance in the counter, but if it is beyond that, then we could see a sharp run up for the time being and could be a decent trading bounce or spike. So one must hold this counter for some more time."