Sharmila Joshi of Peerless Securities told CNBC-TV18, "The feelings about the Infosys results are little mixed. But my key takeaway is that the management seems to be very confident and they now seem to be saying that they want to focus on growth rather than margins. They expect that margins will fall into place once they get the growth engine back on trajectory. So looking at that and simply looking at the kind of valuation gap that exists between Infosys and the other IT majors like TCS, I would expect that gap to close a little. So given a couple of quarters you could see Infosys moving to Rs 3,600 kind of levels."
"It is a definite hold if not a buy. I think it is a buy on dips and unless the investor needs the money I would say stay invested," she added.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
