Krishna Kumar Karwa positive on Infosys

Krishna Kumar Karwa, MD of Emkay Global Financial Services told CNBC-TV18, "Everybody is expectedly waiting for September quarter results and guidance from Infosys. In the whole IT pack, most of the stocks delivered 30-40 percent kind of returns in the last one quarter. So our view is that the momentum is there with the sector and the sector will continue to do well, but there could be a kind of a pause post the result."

He further added, "For Infosys we are positive on a top-down and medium-term perspective. Relatively Infosys has not underperformed the benchmark index in the last three months. So in terms of volatility probably tomorrow will be a day when it will not be as volatile as it has been in the earlier quarters. Investor would be expectedly waiting for what kind of guidance come in terms of annual revenue growth and the margins."