Sunday 5 October 2008

Pick Infosys in IT space, says Vijay

Portfolio Manager, PN Vijay is of the opinion that in the IT space one can enter Infosys Technologies.

Vijay told CNBC-TV18, "Getting very mixed signals on IT. Satyam owners saying that they are strong about their guidance and the markets reacting wrongly to business prospect for the company. Satyam has been the most beaten down of all the IT majors. So on one side people are scared that business is going to be dented because of the meltdown in the Wall Street but on the other hand rupee has depreciated so much. So it’s difficult to say but if one were to enter IT obviously one would enter Infosys."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.

Source: MoneyControl

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.