Technical analyst Rajeev Agarwal of Dynamix Research has maintained 'buy' rating on Infosys Technologies Limited stock with a target of Rs 3370.

The analyst said that the investors can buy the stock at Rs 3200 with a stop loss of Rs 3100.

The analyst added that the investors can exit the stock on rally.

The stock of the company, on January 13, closed at Rs 3212.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3493.95 and a low of Rs 2380 on BSE.

Current EPS & P/E ratio stood at 114.52 and 28.57 respectively.

Infosys Technologies Limited recorded a growth of 14.17% in its consolidated net profit, which stood at 1,780 crore for the three month period ended December 2010.

On the other hand, industry professionals projected a net profit of around 1,815 crore and consolidated revenues at approximately 7,200 crore, the actual revenues remained at 7,106 crore.

The year-on-year (YoY) increase of revenues stood at 23.8%.

During October to December 2010, the second biggest software exporter appended around 40 new customers and 53,11 employees.

"The weaker economic recovery in developed markets coupled with high unemployment and risk of sovereign default could impact industry growth," said S Gopalakrishnan, CEO and Managing Director of Infosys.

He added that Infosys is working with its customers to modify its future plans.