Buy Infosys, says AK Prabhakar

AK Prabhakar of IDBI Capital told CNBC-TV18, "Infosys is a buy, if it corrects some more I think one should add on to Infosys. It has already corrected 7 to 8 percent this month and with US elections which is likely to be in November 2016 I think IT stocks might find their way down. So, that will be an opportunity for a long-term person to accumulate IT.""IT is facing lot of headwinds but you cannot be a short-term person to buy IT at these levels. Because of short-term movement in Nifty or in the market IT can recover but next two to three months is going to be a very tough time for IT," he added.