Buy Infosys, Persistent Systems: Sudip Bandopadhyay

Sudip Bandopadhyay, Market Expert told CNBC-TV18, "This is a good opportunity for retail investors with a slightly longer term view to buy stocks. Infosys definitely is a good buy for an investor with one year plus time horizon. The results were good, there is nothing to complain about the results. Infosys being a conservative management have given a guidance which is subdued and the market didn't like it. So, yes market did correct and they are hovering around that Rs 1,025 - 1,030 levels. It is an excellent level to buy Infosys and hold.""Obviously, if you look at the performance of Infosys vis-à-vis Tata Consultancy Services (TCS), Infosys over the last few quarters have definitely showing more signs of gaining momentum and continuing the momentum. Even the India business which used to be not so good for Infosys has started picking up. Of course the GST project has been a boon for Infosys but overall the business is very focussed, they are doing the right things and it should be a good opportunity for the retail investor to pick the stock," he said."We are also looking at midcap IT stocks and some of the midcap IT names are worth looking at. Of course you have to be careful in what you are picking. Persistent Systems is one stock which we are recommending investors to pick up at current level. It has got at least 15-20 percent upside from here."