Ambareesh Baliga, Managing Partner, Edelweiss Financial Services advises to exit from Infosys
around Rs 2500-2600.
Baliga told CNBC-TV18, “Infosys- investors should hold on for the time being. The way I see it is possibly we could see another Rs 100-125 more as a downside for Infosys but then after today’s crack, I do not see a major further crack from here.”
He further added, “If one has to held on to Infosys for this long, one should just hold on and hope that by possibly the next quarter results it stabilizes closer to about Rs 2,500-2,600 and that could be the level to possibly exit.”