Infosys stock peaked in June 2016 and since then has tumbled 32% because of changing political environment across the Globe and wave against outsourcing. The Brexit and Trump Victory is now perceived as confirmation of this new trend.
Here's the daily chart of Infosys
With this correction: Infosys stock has become attractive from Valuation standpoint but still suffers from PE issues. PE means Perception 🙁
The Good News: Large Cap always finds buying after deep correction
As you can see in the chart below - Infosys stock has come down to a level from where it has consistently bounced in last 2 years
The Big question: Is Infosys at 930 attractive Opportunity?
The Answer: It depends on your conviction and belief. As long as stock holds 900-930 - there is no issue in having HOPE 🙂
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers