Taher Badshah of Motilal Oswal AMC told CNBC-TV18, "We have already heard a little bit of management commentary of Infosys regarding first quarter results being a little soft compared to what the broad market expectations were although as far as guidance on margins, etc went, I don’t really think there was a significant amount of differential between what the market expected in margins in Q1 versus what the company has kind of indicated." "So, I would reckon that the story still remains intact in terms of their own growth conviction over the next two to three years time led by organic as well as inorganic growth and their ability to probably drive profitability higher compared to what it is today led by factors like automation, etc. So, we still like the story, we believe that they are well placed and incrementally getting stronger in terms of deal pipeline and visibility of growth compared to what was the situation for them a couple of years ago and valuations are not as unreasonable," he said."Infosys remains as one of our larger bets within our portfolio and I think the story is still pretty much intact, not withstanding some quarterly hiccups."
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