Hold 3i Infotech To Achieve Target Of Rs 54-55

Hold 3i Infotech To Achieve Target Of Rs 54-55Technical analyst Hemant Thukral has maintained 'buy' rating on 3i Infotech Limited stock.

According to analyst, the interested investors can purchase the stock to achieve target of Rs 54-55.

The stock of the company, on April 25, closed at Rs 48 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 14.16 and 3.34 respectively.

The share price has seen a 52-week high of Rs 79 and a low of Rs 40 on BSE.

3i Infotech Limited declared that its profit after tax (PAT) for the three month period remained at Rs 63.41 crores.

The company's revenue for Jan-Mar period stood at Rs 653.46 crore as compared to Rs 632.60 crore during the same period of 2010.

The directors of the company, which provides best IT solutions, declared a dividend of Rs 1.50 per equity share.

On a year on year basis, the company's revenue from IT Solutions surged 23.1% whereas revenue from Transaction service biz dropped 28.1%.

Revenue for the twelve month period ended March 2011 remained at Rs 2,587.48 crores, representing a YoY increase of 4.8%.

The company's EPS before exceptional items stood at Rs 12.81 as against Rs 17.21 in 2010.

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