Infosys may test Rs 4900: Regan F Homavazir

Regan F Homavazir, Associate VP - Technical Research at Darashaw told CNBC-TV18, "Wipro and Infosys are among our top holdings in the IT space, these are our top recommendations. In Infosys we expect about Rs 4900."

"HCL Technologies seems to be very stretched on its up move and we don't like the stock. So should you want to switch that HCL exposure in the IT space, Infosys and Wipro is the best that you can get," he added.

At 11:44 hrs Infosys was quoting at Rs 3,760.00, up Rs 4.35, or 0.12 percent.

The share touched its 52-week high Rs 3,770.50 and 52-week low Rs 2,190 on 21 January, 2014 and 29 April, 2013, respectively.