Recommend long-term investors to buy Infosys on declines: Mayuresh Joshi

In a chat with ET Now, Mayuresh Joshi, VP, Institution, Angel Broking, shares his views on Infosys.

ET Now: What is your take on Infosys?

Mayuresh Joshi: As far as Infosys is concerned, we have been bullish on the IT sector for some length of time. We continue to do so. Exceptional set of numbers for Infosys. The operational parameters were exceeding most analysts expectations, including ours. So the PAT number was beyond our expectations.

We probably maintain our buy estimates on Infosys. It is highly undervalued stock if you compare with the TCS. So, our take is that any dip on to the stock can be considered as a buying opportunity for long-term investors.