Infosys may slip to Rs 2600: Kulkarni

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Infosys may slip to Rs 2600: Kulkarni

Infosys may slip to Rs 2600 in the next 6 to 8 sessions, says Shardul Kulkarni, Angel Broking.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Shardul Kulkarni See what other Experts & Brokerages are saying about Infosys See messages about Infosys

Infosys may slip to Rs 2600 in the next 6 to 8 sessions, says Shardul Kulkarni, Angel Broking.

Kulkarni told CNBC-TV18, "We have recommended a short positions in case of Infosys with a stoploss of Rs 2740-2750 on the higher side. We feel that the stock may move lower to around Rs 2600 levels in the next 6 to 8 sessions."

The company's trailing 12-month (TTM) EPS was at Rs 112.22 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 24.37. The latest book value of the company is Rs 426.69 per share. At current value, the price-to-book value of the company was 6.41. The dividend yield of the company was 2.19%.

Disclosure: We may have positions in the above stock and we have recommended them to our clients.