But interest at the counter revived in the afternoon. Dealers said that there was large unidentified institutional buying despite the morning unloading. There had been positive talks about Infosys bagging orders from telecom major Vodafone as well which helped sentiment, dealers said.

It is just that the rapidly slowing US economy has resulted in a few quarters seeing slow growth. But the possibility is strong that the business will rebound with a vengeance. And Infosys seems to be well-placed when that occurs. The refrain is that a 30 percent growth will be logged even in the worst case scenario.