Technical analyst Mitesh Thacker has maintained 'buy' rating on Infosys Technologies Limited stock with a stop loss of Rs 3070.

According to analyst, the investors can purchase the stock with a target of Rs 3200.

Today, the stock of the company opened at Rs 3101 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3249 and a low of Rs 2376.70 on BSE.

Current EPS & P/E ratio stood at 111.07 and 28.22 respectively.

Country's second largest software exporter, Infosys Technologies recorded a QoQ growth of 13.2% in its consolidated net PAT, which stood at Rs 17.37 billion for the three month period ended Sep 2010.

The company's consolidated revenues stood at Rs 69.47 billion for the period under review.

The company announced EPS of Rs 30.41 for the three month period ended Sep 2010.

S Gopalakrishnan, chief executive officer (CEO) and managing director (MD), satted, "Though the economic environment continues to be challenging, we have leveraged our client relationships, solutions and investments to grow faster in this quarter."

"There are significant drivers for investment in Information Technology since any transformation program to build tomorrow`s enterprises requires these investments to be made. We are partnering with our clients on these initiatives."