Buy Infosys at around Rs 3100-3200: Deven Choksey

Deven Choksey of KR Choksey Shares and Securities told CNBC-TV18, "I would wait for buying in Infosys, certainly would like to consider buying. This is a clean-up operation which is going on and it is bound to result into some kind of profit pressure or margin pressure. In such situations if the stock price corrects and if it is available at a valuation which is below 15 times price to earning ratio then in such case it would become a buy opportunity."

"I would certainly wait for Rs 3100-3200 level. Around that level it would be the first time that I would start considering buying back into this stock. I don't see fundamentally things have gone bad for the company at all. On the contrary I believe that the move that they may likely to take of offloading the product and the product platform business into a separate company could result into higher amount of value unlocking at some point of time and that is what one would like to consider. So fall would be welcome to add into the portfolio," he said.