Vaishali Parekh's technical pick is Infosys; check target price, stock performance, rationale details here
Infosys stock price has seen decent erosion after its weak Q4 numbers. However, the stock is indicating a consolidation and has maintained above ₹1,200 mark. Vaishali Parekh selects Infosys stock as her technical pick.
IT-giant Infosys stock price has corrected sharply since last month after feeble quarter earnings and concerns rising over the impact of the US and Europe banking crisis on the company. However, Vaishali Parekh believes that Infosys stock price has made decent erosion and indicated a consolidation as well. On Tuesday, the stock has gained by half a percent. But the key factor here is that Infosys has maintained above ₹1,200 levels.
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