ShobhitAgarwal
Short

SHORT INFOSYS

NSE:INFY   INFOSYS LTD
Results were bad and guidance is dismal.

Technically, Infosys             is all set to test 200 WMA and may find support around 945 levels. There is good 10-12% immediate downside visible from here.

Fundamentally, Infosys             is trading at 15-16 1 yr forward-looking multiple. Given guidance of 10-11%, it is surely going to get re-rated along with the whole of IT sector.
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