Prefer Hexaware Technologies: Jagannadham Thununguntla

Jagannadham Thununguntla, Head of Research at SMC Global Securities told CNBC-TV18, "In Infosys, one should wait, one doesn’t have to chase the stock to get in at these levels. One can look at one of these midcap names maybe KPIT Technologies, Hexaware Technologies to that extent but at this level, buying Infosys - I don’t think he/she will be making super profits."

"Infosys is a heavyweight on the Nifty as well so we have to see - if the Nifty has to keep making all time high, Infosys may hold up but if Nifty has to take a breather, Infosys may see a reasonable correction from here," he added.