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

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.