Infosys share has been in the news for various reasons in the past, whether senior level exits or growth related concerns or the new CEO or many other reasons. Anyways, this write up is not to discuss about any of the following concerns. Stock has corrected from 3800 levels to 2900 levels, almost down 20%+ from peak. Well, no one knows the bottom, and this blog is just to share one interesting observation.
We all know that FII (Foreign Institutional Investors) are intelligent and professional investors with lots of qualified information (not data), quant knowledge with them. While infosys share is bottoming out, there are a bunch of FIIs picking this up. This is evident from the fact that FII holding in Mar 2014 was at 42% as compare to 39% in Sep 2013. On the contrary, domestic institutions have pared their holdings by the similar percentage.
My personal view is that infosys has hit bottom or close to hitting bottom, and it may be a good time to start buying (in a staggered way). New CEO news may re-vitalize it and apart from the rupee concerns, US and European markets are showing good growth signs, which means new investments and business for IT. It would be a good idea to balance the IT portfolio with another stock like TCS to hedge against the another.
Stay Invested!!
Sell the Greed, Buy the Fear!!
We all know that FII (Foreign Institutional Investors) are intelligent and professional investors with lots of qualified information (not data), quant knowledge with them. While infosys share is bottoming out, there are a bunch of FIIs picking this up. This is evident from the fact that FII holding in Mar 2014 was at 42% as compare to 39% in Sep 2013. On the contrary, domestic institutions have pared their holdings by the similar percentage.
My personal view is that infosys has hit bottom or close to hitting bottom, and it may be a good time to start buying (in a staggered way). New CEO news may re-vitalize it and apart from the rupee concerns, US and European markets are showing good growth signs, which means new investments and business for IT. It would be a good idea to balance the IT portfolio with another stock like TCS to hedge against the another.
Stay Invested!!
Sell the Greed, Buy the Fear!!
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