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29 May 2008

Change in strategy for investment in Infosys

1. Infosys is a good story but one has to keep in mind that its fortunes have started shining courtesy appreciating dollar versus Indian rupee. As a change of stance one can reduce the exposure in the IT segment as appreciation in stock is not based on any new business development but is based on the dollar appreciation.


2. Nonetheless if stock moves above 1926 than the stock will target 2000-2050. As a new strategy exit from IT stocks by selling at higher levels.

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