Buy Infosys slowly and steadily: Nilesh Shah, Axis Direct

In a chat with ET Now, Nilesh Shah of Axis Direct gives his views on Infosys.

ET Now: Can I read in between lines and are you actually communicating to your clients that go, grab Infosys with both your hands at these levels?

Nilesh Shah: No, I am not saying grab it with both the hands. Grab it cautiously because what is happening on the dollar side cannot be ignored completely. But all I am saying is that let their be sanity prevailing. Today the stock market is reacting as if Infosys is going to come to an end tomorrow but that is unlikely to be the case, 33 per cent growth in profit, 28 per cent growth in revenue for this kind of number any company in the world will cut its arm. We are cutting the prices of Infosys. It is time to play contra do not just get washed away by what is happening in the near term. Do not grab it with both the hands but do grab it slowly and steadily. It is time to be playing contra on Infosys rather than just running with the tide.