InterGlobe not a long term ‘buy and forget’ stock; latest deal wins allay Infosys concerns: Chakri Lokapriya

“Infosys’ last two deal wins, clearly reduces some concerns about Infosys in particular because their numbers were hurt most when they reported the earnings releases. But now with the continuous bank downgrades in the US, banks being 25-30% of an IT services company’s revenue basket, there is going to be some amount of pause in discretionary spending of IT services. IT services as a sector is unlikely to be re-rated anytime soon.”.