Stock market analysts are of the view that investors can buy Omnitech Infosolutions Ltd stock to achieve an intraday target of Rs 157.

According to them, investors can buy the stock above Rs 155 with a strict stop loss of Rs 153.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 162.

Shares of the company, on Wednesday (Dec 23), closed at Rs 154.10 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 159.40 and a low of Rs 29.55 on BSE.

On a standalone basis, Omnitech InfoSolutions has posted 11.61% growth in its income for the three month period ended September 30, 2009.

The total income for the second quarter stood at Rs 513 million as against Rs 459.6 million for the same period of 2008.

The Q2 FY09-10 PAT was Rs 9.04 million as compared to Rs 9.02 million during the same period of the previous year.

The company's standalone revenues for the financial year six months ended, September 30 was Rs 942.1 million as against Rs 885 million for the same period of 2008; and standalone PAT stood at Rs 166.2 million and Rs 178.6 million (standalone) for the same period of 2008.

Mr. Atul Hemani, company's MD stated that the company keeps on leveraging its intensities in managed IT services that comprise remote infrastructure, application and performance management services for healthy growth in this quarter.