Buy Infosys for long term, says Neeraj Dewan

Neeraj Deewan of Quantum Securities told CNBC-TV18, "Infosys looks like a buying opportunity. the stock had run up quite a lot ahead of the results, so some correction happened because the guidance was definitely lowered. Quarter-on-quarter, there has been improvement and they have been adding onto orders. So, if one is looking at a longer term investment, this is definitely an opportunity and anything close to Rs 1,050 would be a decent level to again enter Infosys."Infosys closed at Rs 1,098.65, down Rs 23.85, or 2.12 percent. It has touched an intraday high of Rs 1,114.80 and an intraday low of Rs 1,087.10.