Stock market analyst Sanjay Surekha is of the view that investors can ‘buy’ Infosys Technologies Ltd stock with target of Rs 2665.
According to analyst, the investors can buy the stock with a stop loss of Rs 2568.
Today, the stock opened at Rs 2624 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 2875 and a low of Rs 1515 on BSE.
Current EPS & P/E ratio stood at 108.36 and 24.16 respectively.
Indian IT firms are eyeing to strengthen their businesses in a big way. Big IT companies like Infosys and Wipro have huge investment plans queued up in Bangalore.
Infosys is making plan to establish two new campuses in India’s Silicon Valley.
The company will invest around Rs 2960 crores at two campuses.
Infosys Technologies is on its way towards attaining its aim of 30,000 hires in 2010, and the company would also be despatching letters to its staff on compensation increases in June.
Alstom and Infosys Technologies declared the expansion of their affiliation in regions of worldwide research and development, engineering and engineering IT services.
This deal envisages big strategic investments by the next five years to make next generation solutions for the power segment.
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