Short Infosys Technologies: Ajit Surana

151232 Investors following Infosys. Share this News with them.

0

Like this story, share it with millions of investors on M3

Short Infosys Technologies: Ajit Surana

Short Infosys Technologies, says Ajit Surana, Dimensional Securities.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Buy Infosys Technologies, says Ashwani Gujral Infosys has target of Rs 2600: Daryl Guppy Buy Infosys, target of Rs 3020: Angel Broking ALSO READ See previous views by Ajit Surana See what other Experts & Brokerages are saying about Infosys See messages about Infosys Infosys BSE | NSE 09/02/12 Are Mutual Funds betting on Infosys?

Short Infosys Technologies , says Ajit Surana , Dimensional Securities.

Surana told CNBC-TV18, "The problem we have with IT sector is the valuations. The growth rates are going to be much lower for the next 3-4 years despite that they are getting valuations in the range of 20 plus."

He further added, "We are recommending to go short in Infosys, though it's slightly selling at a discount. But at these levels, the valuations are stretched and one should not go long at all and one can go short at these levels."