Prakash Diwan`s view on Infosys

Prakash Diwan, Chief Portfolio Strategist, Prakash Diwan's Wealth shares his view on Infosys.

Diwan told CNBC-TV18, “Infosys, I don’t think there is much more to factor in, in terms of a downward revision in guidance. In fact the street has been doing that since the last month or so and it has been moving sideways as compared to the other two players that are TCS and HCL. Wipro still has its own share of woes, but I would definitely believe its priced in and there won’t be any unpleasant surprises coming forward. In fact if the management does come up with something that’s unexpected it could react upwards and not downwards at all.”
He further added, “The mid-sized banks be it PSUs, be it private both of them are going to outshine the larger peers for the simple reason that they will be much more nimble at cleaning up their books in the last two quarters very consistently. So you watch out for a Dena Bank, you have Andhra Bank, Vijaya Bank even a Canara Bank kind of a lots largest bank could do very well with the numbers this time. So that’s a pocket to be in the mid-sized banks be it PSU, be it private that’s where you would probably find the most pleasant surprises.”