Buy Infosys around Rs 2300, says Malkani

Malkani told CNBC-TV18, “Infosys, one is not expecting any fireworks in the results. If at all, it will be- a lot of the IT stories going to be on how they play the currency and hedging, etc. It’s going to be a muted quarter.”

He further added, “Infosys I continue to have the highest respect as a company, etc but clearly the cash pile is worrying, maybe it’s high time they started distributing some of that but at lower levels Rs 2300 thereabouts if there is any correction on some disappointment, etc I would be out there looking to buy but not at these levels.”

“I like to keep an eye on approximately little below Siemens is an evergreen, Crompton Greaves after this whole Belgium restructuring I think is another one and is looking like its got more legs on the rally also. I would say those and then IL&FS Transport at lower levels.”