Guppy told CNBC-TV18, "Infosys has a very strong rebound target at around Rs 2,600. Wipro has a strong underlying trend that gives target around Rs 700."
At 1:24 pm, Infosys Technologies was quoting at Rs 2,501, down Rs 7.4, or 0.3% with volumes of 29,045 shares. Its marketcap is Rs 143,385.25 crore. Currently it is 134.84% above the 52-week low of Rs 1,065.