Infosys to underperform in coming months: IIFL Capital

In an interview with ET Now, Deepesh Pandey , Head-Investments at IIFL Capital , shares his views on Infosys and how the stock will perform in coming months.

ET Now: Would you buy Infosys?

Deepesh Pandey: I expect the stock to underperform for sometime and, therefore, I’ll stay away from the stock for the time being.

ET Now: Is the stock headed for a significant derating?

Deepesh Pandey: Yes. It has been massive underperformer. It has been derated a lot. We have to look at what the management says. It seems they are not giving Q2 guidance in terms of growth. They are just giving full year growth guidance. However, there is no doubt that the stock has to undergo some more derating looking at what they are guiding for.