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    Infosys is preferred as a contra bet: Pankaj Pandey, ICICIdirect.com

    Synopsis

    Under the new management, Infosys would expect this growth number to be far better because TCS is guiding for about 16-16.5% kind of growth.

    ET Now
    In a chat with ET Now, Pankaj Pandey, HoR, ICICIdirect.com, shares his views on Infosys and TCS.

    ET Now: What is the deal with Infosys? Suddenly Infosys is bucking the trend? What is helping that stock, bargain hunting, change of guard or institutional flows?

    Pankaj Pandey: Infosys is again looked at from a perspective that they have given 7% to 9% kind of growth guidance. Under the new management, they would expect this growth number to be far better because TCS is guiding for about 16-16.5% kind of growth.

    So, they still have a lot of room to cover which is why as a contra bet, this stock is preferred. Overall, we would still continue to prefer a stock like TCS, they have been very comforting and with the kind of guidance they have given.



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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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