Infosys an underperformer, may slip to Rs 2200: Baliga

Infosys is an underperformer and it may slip to Rs 2200, says Ambareesh Baliga, Market Analyst.

Baliga told CNBC-TV18, “I have been giving a sell on Infosys for quite a while right now. In fact in July it is a sell. Last Thursday when you had asked me what to do with Infosys, at those levels I had said it is a sell because the results will not be as per expectations and it worked out that way.”
He further added, “It will take at least next 3-4 quarters for Infosys to get back. If it gets back the plot which it had for the last 10-15 years. So it will take a while longer. Till then it will be an underperformer, moving more towards Rs 2200. It is very much possible that if there is some FII selling at those levels we could even see it at Rs 2000.”