Buy Infosys, target Rs 1220: Rahul Shah

Rahul Shah of Motilal Oswal told CNBC-TV18, "Last week we saw lifetime high or Rs 1,250 or so closer to that in Infosys and then the stock corrected 7-8 percent from those levels. It is a good correction and in overall IT pack, there are one or two stocks which looks attractive. One is Infosys and the other is Tech Mahindra.""As Tech Mahindra is a very range bound stock, I feel that Infosys again should start a bounce back with the stock quite holding up and the longs which has created is still holding on. We have saw some kind of nervousness in the early hours of the trade but it is an opportunity to buy Infosys at current level, keep a stop loss of Rs 1,135 and target of Rs 1,220," he added.