Manoj Murlidharan Vayalar of IIFL told CNBC-TV18, "We don't feel that there is not much of an upside in Infosys. Especially scripts like Wipro would be a sell rather than a buy. So we are not really positive in that, we feel Wipro can correct at least another 4-5 percent, so we would be rather bearish on IT at this point."
The share touched its 52-week high Rs 462.85 and 52-week low Rs 315.30 on 05 April, 2013 and 31 May, 2013, respectively. Currently, it is trading 17.66 percent below its 52-week high and 20.87 percent above its 52-week low. Market capitalisation stands at Rs 93,887.60 crore. Also Read: 18 IT vendors vie for Delhi police's controversial IT deal
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
