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Hold Infosys, says Avinnash Gorakssakar

Avinnash Gorakssakar, Market Expert is of the view that one may hold Infosys.

January 12, 2018 / 02:54 PM IST

Avinnash Gorakssakar, Market Expert told CNBC-TV18, "I think looking at Infosys, today we would be getting the third quarter numbers. I think this could definitely be a seasonally weak quarter, but if you look at the structure of Infosys business, I think clearly FY19 and FY20 could be much better years considering the fact that now we have a new managing director who has come in. So obviously how the company performs in the US markets, plus what kind of new products and services it offers to its clients is going to be the key for its earnings growth."

"I think the investors should take a long term view, at least say over the next one to two years. I believe that there could be a lot of value compounded in this stock."

"In the near term we could see a little bit of volatility considering that the next couple of quarters may be challenging in terms of topline and margins. So, keep holding on, but take a medium to long term view," he added.
first published: Jan 12, 2018 02:51 pm
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