Hold Infosys Technologies Stocks in Your Portfolio

Deven Choksey of KR Choksey Securities is of the view that one should hold Infosys Technologies.

Choksey told CNBC-TV18, "Infosys Technologies is definitely worth holding in the portfolio for a couple of reasons, importantly 40% plus rate of growth is something that is very fascinating for any company to survive on a consistent basis. It is with strategy is progressing with this particular result which is something very good. Apart from that, what we have seen as the company grows on a larger scale, reduction in expenses and reaping the benefits of economies of scale and that is where our profitability is going to be higher."

He further added, "If one has invested at a lower level, he/she should stay invested because the growth is likely to continue at least for next 6 to 7 quarters as we see it from the position building that the company has done on the order side. Maybe 6-month outlook if one wants to take a real call around Rs 2150 to Rs 2200 levels, I think one can easily expect this in current market."

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