Exit Infosys at current level: Merani

Merani told CNBC-TV18, “For Infosys the problem has been whatever been the technical picture, post the result the stock has fallen 8-10% every time. So till the cycle does not change it is better off to keep no position before the results. Because in the last 3-4 quarters every time post results we see an 8-10% drop. So may be around Rs 2300 if it is an entry point, around Rs 2700 is an exit point. So at current levels I would consider to be out of the stock.”