Exit Infosys, prefer Tech Mahindra, TCS: Rajesh Agarwal

Rajesh Agarwal of Eastern Financiers is of the view that one may sell Infosys and prefers Tech Mahindra or Tata Consultancy Services.

Rajesh Agarwal of Eastern Financiers told CNBC-TV18, "There might be some bounce back in Infosys  in the next one-two days due to the fact that lot of fall has been witnessed today. But as far as the stock is concerned I am not very positive on this because despite the fact that the industry outlook is turning positive, we have seen lot of people leaving this company. Then we have to look at who the new CEO would be because BG Srinivas was the contender for CEO post."

"It is better to be in other stocks like Tech Mahindra  or Tata Consultancy Services  (TCS) for the medium term, but for the short-term don't wait for one-two days, it is better to get out of Infosys," he said.

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