See higher levels in Infosys, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "Wipro has come in our buying list earlier last week and it finally did well. However, the same story is coming out with Infosys, big rally after the results, a trading range and a breakout from the trading range.”
He further added, “Assuming that the market is going to see some rallies today, tomorrow, in this week, IT should outperform and the two stocks should be Infosys and Wipro. Today, Infosys should be the focus where it is breaking out to new highs.”
At 09:24 hrs Infosys was quoting at Rs 2,878.80, up Rs 42.25, or 1.49%. It has touched an intraday high of Rs 2,884.80 and an intraday low of Rs 2,862.35.
The share touched its 52-week high Rs 2,990 and 52-week low Rs 2,101.65 on 22 February, 2012 and 26 July, 2012, respectively. Currently, it is trading 3.72% below its 52-week high and 36.98% above its 52-week low. Market capitalisation stands at Rs 165,311.11 crore.