Stock market analysts have maintained 'buy' rating on 3i Infotech Ltd with an intraday target of Rs 80.

According to them, interested traders can purchase the stock above Rs 79 with a strict stop loss of Rs 77.50.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 82.

Shares of the company, on Wednesday (Feb 17), closed at Rs 77.85 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 103 and a low of Rs 25.25 on BSE.

Current EPS & P/E ratio of the stock stood at 14.71 & 5.29 respectively.

3i Infotech, a worldwide supplier of IT solutions, on Feb 17, has nominated Ian Hallam as CEO, 3i Infotech Western Europe and strengthened its subsisting senior management group as the business tries to expand its path in continental Europe.

The appointment of Ian marks a vital landmark in the development of the European business and emphasizes 3i Infotech's long-standing promise to its trustworthy client base and statuses the company for further worldwide growth.

Moreover, the company has entered into an agreement with HSBC Bank, to execute Reporting to customers for its cash management and payments section.

Reporting to customers will be utilized together with client money manager, bank's third party fund management system.