If Infosys pan out to be reasonably good and inline with the good ones of Q3, one can see the stock really going up another 10 percent in the next three-four months., says PN Vijay, Portfolio Manager.
Vijay told CNBC-TV18, "Infosys’ next move will obviously depend on the earnings. The last earnings was very well received by the market and we had a big rally in the stock and Infosys in particular and IT sector in general in the market in the last three months because of fairly certain earnings growth as compared to other sectors. Infosys hasn’t reached its top at all yet."
He further added, "If you do a comparison between TCS and Infosys which we tend to do, TCS is way ahead in terms of returns to shareholders last two years as compared to Infosys. So the next trigger of course would be the last quarter earnings of Infosys. If they pan out to be reasonably good and inline with the good ones of Q3, you can see Infosys really going up another 10 percent in the next three-four months."