Stock market analysts have maintained ‘buy’ rating on Infosys stock with an intraday target of 1585.

According to them, interested traders can purchase the stock above Rs 1565 with a strict stop loss of Rs 1525. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 1590.
 
Shares of the company, on Tuesday (Sep 16), closed at Rs 1564.25 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 290232. Current EPS & P/E ratio stood at 82.19 and 19.55 respectively. The share price has seen a 52-week high of Rs 2140 and a low of Rs 1212.20 on BSE.

The stock has good potential and it can still exhibit superb surge. It will achieve the target price on the back of its healthy growth plans and well-built operating capabilities.

Rayat-Bahra group of institutes, on Sep 15, has signed up a MoU with Infosys Technologies in order to offer a unique Industry-institute interface with an aim to make pupils suitably fit for desired roles in IT companies.

The West Bengal government, on Sep 12, assured all support to Infosys Technologies after the company declared that it may re-examine its Rs 5 billion investment plans in WB following existing conflict in Singur.

Infosys Technologies also announced the renewal of the group life insurance plan, comprising 97,000 staff members, with LIC. This is the biggest group insurance cover given to any company by LIC in India as the total sum assured is more than Rs 240 billion.

On Sep 08, Infosys Technologies declared that Israel Discount Bank, a leading financial group and the 3rd biggest banking institution in Israel chose Infosys’ Finacle e-banking solutions to leverage Internet and mobile channels towards accelerating the development of its corporate/SME and retail banking business.

Moreover, Infosys BPO, the BPO arm of Infosys Technologies, announced the inauguration of its second BPO campus at Mahindra world city, the Special Economic Zone (SEZ) in Jaipur, Rajasthan.

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