"As Infosys is a Nifty stock, the company is widely held in several equity schemes," said a fund manager. According to industry estimates, the stock is held in over 400 MF schemes
Robust deal pipeline, margin gain hopes have helped it to bridge the valuation gap with TCS
The stock dipped 6% to Rs 1,099 on the BSE in opening deal after IT major said its EBIT will grew 22-24% for FY19 as compared to 24.3% achieved in FY18.