Accumulate Infosys stock aggressively: Prakash Diwan

In a chat with ET Now, Prakash Diwan, Director, Altamount Capital Management, shares his view on Infosys.

ET Now: What should Infosys do to change the mood right now? It is a stock that has not performed too badly.

Prakash Diwan: Yes. Infosys has been much more consistent than lot of us would have expected from the largecap IT stocks. For the first time, it seems to be making a comeback as the Numero Uno within the IT space. It is also challenging TCS on quite a few counts as I could see.

The new management has got vitality, youth; it has got innovation lot going for itself. The kind of support that has been getting and the new management suggest that the company can take some path breaking decisions in terms of restructuring.

It may be taking another business vertical into the fold, which otherwise would not have been possible in normal circumstances. Infosys is not going to grow with evolution anymore.

It is going to be more of a revolutionary growth, which it will clock. That is exactly what people are pinning for. Thus, you could probably see the stock being accumulated at these levels very aggressively.