Hold Infosys for long term: Srivastava

Published on Thu, Jan 15, 2009 at 10:48 |  Source : CNBC-TV18

Updated at Thu, Jan 15, 2009 at 11:34  

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Ajay Srivastava, ., Dimensions Consulting

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Ajay Srivastava , Dimensions Consulting is of the view that one can hold Infosys Technologies with long term perspective.

Srivastava told CNBC-TV18, "Infosys is a stock you would like to hold if you have but you have to be a long term investor to hold this stock and because I am not sure whether any earnings positives are going to come out in the next two quarters at least, whatever was there was built in the system and you know what's going to come."

He further added, "What is possibility built up is that they will get a portion of Satyam 's business, which comes their way as the cracks start to unfold. So you would tend to hold Infosys as compared to Wipro if you ask me, so if you want to have IT holdings, which I think you should have, then Infosys perhaps is the only choice left."

Disclosure: It is safe to assume that analyst ad his clients may have an investment interest in the above stock/sector.

  

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