Infy tanked 7 and beyond percentage today, because the old fox Murthy said something which the market did not like or rather the brokerages did not like, who promptly started adjusting their prospect for Infy's share future. Murthy has been in this business for years and he knows better than most on how to use the media, as manipulate the media, would be a harsher word.He has, I presume scant respect, for the brokers who did not read into what he is trying to acheive.
He has just covered all the bases, in case the company does come with lower figures, he can always say " I warned you" and if the results are much better than what was conveyed by his message this morning, you are not going to complain are you? The US economy as well as the European economy is on a growth trajectory with a large part wil be on IT spend rather than getting manpower filled in the company.In these circumstances do you really think that INFY will come out with a disappointing result ...I certainly do not think so.H e further talked of hedging currency or using it for their advantage etc. that is history being told and should be discounted promptly, for being red herrings strewn .....
This is an excellent opportunity for investing in the share on a long term basis and which will give good return if not excellent returns.I for one would recommend it to all who can afford to buy at these levels.By a portion now, see if it drops further buy some more and it will rise soon enough. Buy some more when it rises and then enjoy the ride upwards.We could see it reaching Rs. 4000 levels by Diwali if not more by then.
He has just covered all the bases, in case the company does come with lower figures, he can always say " I warned you" and if the results are much better than what was conveyed by his message this morning, you are not going to complain are you? The US economy as well as the European economy is on a growth trajectory with a large part wil be on IT spend rather than getting manpower filled in the company.In these circumstances do you really think that INFY will come out with a disappointing result ...I certainly do not think so.H e further talked of hedging currency or using it for their advantage etc. that is history being told and should be discounted promptly, for being red herrings strewn .....
This is an excellent opportunity for investing in the share on a long term basis and which will give good return if not excellent returns.I for one would recommend it to all who can afford to buy at these levels.By a portion now, see if it drops further buy some more and it will rise soon enough. Buy some more when it rises and then enjoy the ride upwards.We could see it reaching Rs. 4000 levels by Diwali if not more by then.