Is it a good time to buy Infy ?

There has been debate amongst investors about Infosys ’ falling fortune after disappointing first quarter results. The scrip fell around 10% in two trading sessions as the market priced in lower earnings growth. On the other hand, TCS reported better-than-expected results, raising questions on Infosys’ strategy and execution skills. One of the leading business daily on Friday carried an article on the front page with title “IT’s over for Infy: TCS is the new Bellwether”. There is no doubt that TCS is doing excellent job in terms of operations and profitability, but investors must chase stocks that promise good capital appreciation for the risk one is taking.

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