Hold Infosys

Hold InfosysStock market analyst Hemen Kapadia has maintained 'hold' rating on Infosys Technologies Ltd stock, which is in a long-term uptrend.

According to analyst, the stock has strong support at Rs 2725 and resistance at Rs 3000,

Today, the stock of the company opened at Rs 2885 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2882 and a low of Rs 1635 on BSE.

Current EPS & P/E ratio stood at 108.36 and 26.64 respectively.

The country's second biggest IT services exporter Infosys Technologies is ready to declare the results of its first quarter ended June 30.

As per estimations, the company's reported net profit is likely to fall 3.25% to Rs 1564.47 crore as against Rs 1617 crore, on QoQ basis.

The net profit for the fourth quarter comprised Rs 48 crore obtained from sale of investments.

The reports also said that recurring net profit will be at Rs 1564.47 crore as compared to Rs 1569 crore.

The company's EBIDTA margin is seen dropping at 32.88% as against 34%.