Infosys may move to Rs 1300-1350: Gaurang Shah

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "Whatever recently has been happening good for IT and especially Infosys is good and post the last quarter numbers, the management had given a commentary of a very conservative or a warning in terms of profitability and margins, but numbers were much better than what the commentary was given."He further added, "We do have a positive coverage. With a one year time horizon, we are working with a target of about Rs 1,300-1,350 and our sense is that in the next couple of quarters you should see earnings to turn around for better. So, Infosys happens to be one of the top pick in the IT pack along with Tata Consultancy Services (TCS) of course."