Expect Infosys to continue to see upside momentum: Deven Choksey

In a chat with ET Now, Deven Choksey, MD, KR Choksey Shares and Securities, shares his views on Infosys.

ET Now: Would another high profile exit at Infosys in fact the sixth one in just about five months be a worrying factor or do you think the fundamentals as well as the currency weakness is enough to take the stock higher?

Deven Choksey: Well current price upside into Infosys is largely on the basis of the higher weight allocation done by many of the trading funds and that is why the justification or explanation comes in.

At the same time, the headroom is relatively less particularly for the likes of TCS and the HCL Tech so from that perspective Infosys is gathering higher amount of or getting higher amount of fund allocation which is asking the stock price to go up.

But yes on a fundamental side such changes which are happening at the top management level does put some amount of anxiety and some challenges also at the same time.