M&M, Infosys can see smart upmove: SBI Cap

Jitender Kumar, SBI Cap Securities is of the view that M&M can touch Rs 1000 and Infosys for a target of Rs 2,600.
 
Kumar told CNBC-TV18, “Mahindra & Mahindra has moved up with a very good support, it is slightly moving up. I am looking at Rs 1,000 plus levels in Mahindra & Mahindra with a stop loss of Rs 950. Rs 1,000 plus would be the targets for the next two weeks.
 
He further added, “Infosys more or less very near to its bottom. If there is a decline coming in Infosys to Rs 2,250 levels - 100 points from here it is a very good buying level. My call is bad or good results I would like to buy Infosys for a target of Rs 2,600. If I get Rs 2,200-2,250 it is a fair price for me to buy”