HCL Infosystems, India's premier information enabler and leading ICT System Integrator, has received an order worth Rs 40 crore from public sector bank State Bank of India (SBI) and associated banks to deploy, maintain and service their ATMs.

As per the agreement, HCL will deploy over 1,000 ATMs and cash dispensers with enhanced features such as Braille and support for multi-lingual content.

Many market experts are now-a-days are recommending a buy call in HCL Infosystems from a short-term perspective.

They expect that the stock's up move to continue until it hits their price target of Rs 130.

Interested traders with a short-term perspective can buy the stock while maintaining a stop-loss at Rs 112.