Punit Patni, Equity Research Analyst, Swastika Investmart Ltd. shares that For the IT major, Infosys, the current order book remains strong which will sustain the near-term growth trajectory, however, the medium-term outlook remains bleak. Further, the stock is trading at a premium compared to its historical average multiples. Thus, we have a cautious stance on the company in the short to the medium-term timeframe. Nevertheless, we can’t simply brush off the importance of digitization, cloud computing, machine learning, ease of scaling up, and cost optimizations using technology. In short, there could be turbulence in the short to medium term, but the long-term outlook is positive
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