What should investors do with Infosys and RIL post June quarter results, Pritesh Mehta explains

“Though, the standalone broader chart shows a steep correction in Infosys off Jan 2022 peak. Yet, its (Infosys) relative strength against the IT index has been improving gradually, it suggests that the worst is behind this mammoth stock. We don’t expect runaway rally in the stock, but a steady approach and accumulation are recommended in the counter with a possible 14-15% rally expected in the next few months. Meanwhile, Reliance Industries is hovering around support of the yearly mean. “