Go long on Infosys, advises Rajat Rajgarhia

Sep 28, 2013, 12.18 PM IST

Rajat Rajgarhia, Director- Research of Motilal Oswal Securities is of the view that one may buy Infosys with a long term view.

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Rajat Rajgarhia, Director- Research of Motilal Oswal Securities is of the view that one may buy Infosys with a long term view.

Like this story, share it with millions of investors on M3

Go long on Infosys, advises Rajat Rajgarhia

Rajat Rajgarhia, Director- Research of Motilal Oswal Securities is of the view that one may buy Infosys with a long term view.

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Rajat Rajgarhia, Director- Research of Motilal Oswal Securities told CNBC-TV18, "As we are now entering the earning season and would recommend investors to be long on some of the currency denominated companies where earnings are going to be fairly strong like Infosys . Even Bajaj Auto has not performed but the earning traction will now slowly start coming in and also Bharti Airtel ."

"Once some more stability comes on, after this correction into the financials at lower levels, one can also look at stocks like ICICI Bank ," he adds.

On September 27, 2013 Infosys closed at Rs 3,006.40, down Rs 6.95, or 0.23 percent.

The share touched its 52-week high Rs 3,172.70 and 52-week low Rs 2,249 on 11 September, 2013 and 29 April, 2013, respectively.

Also Read: Texas court grants relief to Infosys in Versata case

Rokok Kanker