Sell Infosys, says Sagar Rastogi

Sagar Rastogi - Associate VP at Ambit Capital told CNBC-TV18, "My target price in Infosys is Rs 3,650 which is close to the current price. I have a sell on the stock. Essentially my stance is sell because I don't expect Infosys revenue growth trajectory to come close to its peers like Tata Consultancy Services (TCS) or HCL Technologies anytime in the near future which would also keep its valuation multiple subdued."

"If they deliver the kind of revenue growth and margin estimates, the stock will stay near the current levels; it would be unchanged," he added.