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Tuesday 21 June 2011

Infosys a best value pick


Infosys is one of the best value picks in this market today, says PN Vijay, Portfolio Manager.
Vijay told CNBC-TV18, "The technology pack I think represents a great buying opportunity. In fact the bear operators had the temerity to short TCS and they quickly realized their mistake and covered. I think people did a little bit of over reaction to the possible fall in the contracts from US and the European Union (EU). EU of the big nations are doing quite well, the France’s and the Germany’s of the world and even UK started doing well. So, I don’t see any great slowdown in contracts and on the other hand the technology companies have hired adequately their bench level as the percentages back, they do have a cost problem. But I think the big technology players especially Infosys is one of the best value picks in this market today."
Source : Moneycontrol

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