Buy Infosys, target Rs 1350-1400: Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "Current levels is a good price to enter inInfosys, simply because valuations even at current levels are not very expensive. It is still trading above 17 times one year forward. And the guidance that the management gave, after a good set of numbers, good growth of 1.6 in dollar currency terms, the guidance was much better than what we expected.""Their acquisition strategy, their new strategies should really help them do well going forward. So, I would buy it even at current levels given a target of about Rs 1,350-1,400," he added.At 15:16 hrs Infosys was quoting at Rs 1,198.55, up Rs 17.10, or 1.45 percent on the BSE.