See some more speculative buying in Infosys: PN Vijay

PN Vijay, portfolio manager of askpnvijay.com told CNBC-TV18, "Infosys would see some more speculative buying in a bad market. On Friday, Infosys was one of the firm counters. This is a very earth shaking news in a way. Narayana Murthy had moved on in life, some people were even talking about him entering politics and now he is back as an executive chairman. That means he is going to be working from 9 am to 5 pm and to help him he is getting his son also on board to manage the nitty gritties."

He further added, "Infosys has been a badly battered stock in the last three years. Tata Consultancy Services (TCS) and HCL Technologies have almost doubled whereas Infosys has gone down 5-10 percent and it lost its pivotal position to Cognizant as India's number one software company. It's shocking and if one sees the attrition rate in Infosys, it was the highest in last 12 quarters - 19 percent." "Even in the job market people are losing confidence in Infosys. It has got a job cut out, but since he created and sustained Infosys for so long and as he is a visionary with a practical head, I am expecting quite a lot from Infosys. This is probably a case of Infosys bottoming out from this level," Vijay said.