Investors, who want returns in the near term, should stay away from Infosys as the IT major may feel some pain in the short-term, said Deepak Jasani, head-retail research of HDFC Securities, told CNBC-TV18 in an interview on Monday.

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“Infosys is quoting at a cheaper P/E compared to Tata Consultancy Services (TCS), for people who are willing to wait out for two to three quarters, for them it is a good time to start accumulating the stock,” Jasani added.

Speaking about the banking sector, Jasani said, “On a year-on-year basis, this quarter will be good for all financials including the PSU banks. However, going forward what is crucial for PSU banks is that the slippages from other sectors should not increase. In case that happens, then the hope or the excitement over end of provisioning may not last long.”

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