Infosys may touch Rs 4000: Kawaljeet Saluja

Kawaljeet Saluja, executive director at Kotak Institutional Equities told CNBC-TV18, "Infosys numbers were pretty good on margins. Post the quarterly results, we have taken up our earnings estimate on the stock by around 2 to 4 percent from FY14 to FY16."

"Our fair value on the stock is Rs 4000, valuing the stock at around 18 times 2015 earnings. So I think the stock still has some steam left here," he said.

Infosys closed at Rs 3,665.70, up Rs 116.80, or 3.29 percent. It has touched a record high of Rs 3,674.40.