Analyst on Infosys: To buy or not to buy
Hitesh Shah, IT Analyst at IDFC Securities, says the banking, financial services and insurance (BFSI) and retail verticals are facing a lot of uncertainty and clients are holding their IT spends. "However, over a 2-3 month period Infosys could be a market performer. Over 12 months, there is a favourable risk reward and Infosys could be closer to 2,900 levels a year down the line," Shah said.
