Stock analysts have maintained ‘buy’ rating on Infosys stock with an intraday target of Rs 1273.

According to them, interested traders can purchase the stock between Rs 1215-1220 with a strict stop loss of Rs 1230. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 1280.
 
Shares of the company, on Tuesday (Jan 27), closed at Rs 1203.95 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 283833. Current EPS & P/E ratio stood at 94.86 and 13.20 respectively. The share price has seen a 52-week high of Rs 2017 and a low of Rs 1040 on BSE.

The stock has great potential and it can still exhibit superb surge. So don’t miss the chance to reap gains.

The company has decided to employ around 27,000 professionals by March 2009. Earlier, the company had estimated annual hiring of more than 25,000.

The company made a gross addition of 5,997 with the net intake being 2,772 for the third quarter ending December 31, 2008.

The company has made offers to approximately 20,000 engineering graduates for 2010.

Its attrition rate has declined to 11.8% during the end of Q3 as compared to the 12.8% in the September quarter.

The technology giant Infosys has recoded a topline growth of 35.76% in Q3FY08 to Rs 54,290 million beating market expectations.
 
The company’s operating profits rose 47.25% to Rs 19,540 million from Rs 13,270 million posted during Q3FY08.

The bottom-line stood at Rs 15,980 million against Rs 11,860 million recorded during the same period of the last year.

The company’s net profit margins remained flat at 29.43% as against 29.66% during Q3FY08. The earning per share (EPS) for the company was Rs 27.94 for the quarter under review (Q3) versus the EPS of Rs 20.73 for the quarter ended December 07 with growth rate of 34.74%.

The EPS on TTM (Trailing twelve months) stood at Rs 94.97 for the company. The cash EPS for the company stood at Rs 30.89 for the quarter ended Q3FY09.

Infosys has posted a net gain of Rs 180 million from its failed effort to get hold of British consultancy Axon Group Plc.

The company spent a total of Rs 150 million towards the failed transaction, but in return made Rs 330 million from the UK firm, as inducement fees.

Other stocks from the same sector that looks good for short-term as well as long-term trading includes Wipro, TCS and HCL Tech.