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Money on the markets

A maturing market amid the mayhem

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13:01 October 22nd, 2009

Infosys shines in weak market

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Posted by: Aditya Kalra
Tags: Uncategorized, , , ,

Engineers work in the control room at Infosys Technologies campus at Electronics City in Bangalore January 20, 2003. REUTERS/Pawel KopczynskiShares in Infosys gained over 2.1 percent on Thursday in a broader market that slipped over 200 points.

Gains in Infosys helped the BSE IT index close 0.8 percent higher. Eleven of 16 stocks in the IT index however closed in the red.

The counter has gained nearly 100 percent so far this year, but this is lower than the 162 percent rise in competitor TCS.

Do you think it is wise to invest in Infosys at this stage? Or would you wait for a correction?

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