Buy Infosys, TCS at current level: Sudip Bandopadhyay

Sudip Bandopadhyay, Market Expert told CNBC-TV18, "Infosys is almost very close to a record low and Brexit is playing in investors mind, so there is probably a rationale in IT stocks getting beaten down. However, we are finding opportunities. We believe for a little aggressive investor it is a good time to buy some of these select frontline IT stocks. We definitely like Infosys at current level. We also like Tata Consultancy Service (TCS) at current level." "These are fundamentally strong companies. They have an issue, they don’t know really how things are going to happen as far as Brexit is concerned and they probably need to do lot more work on the digital side, internet of things (IoT) side and things are yet to fall in place as far as these companies are concerned in these new areas," he said."However, otherwise there are strong companies with strong revenue pipeline. The growth rate has come down, but things aren't that bad as it has been made out to be. We believe for investors' portfolio buying Infosys or TCS at current level is a good idea."