Intraday Buy Call For Infosys
Stock market analyst Rahul Mohinder is of the view that investors can buy Infosys with intra-day target of Rs 2860.
According to analyst, the interested investors can buy the stock with stop loss of Rs 2750.
The shares of the company, on July 07, closed at Rs 2781 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 2875 and a low of Rs 1635 on BSE.
Current EPS & P/E ratio stood at 108.36 and 26.18 respectively.
Infosys Technologies Ltd has begun a program to hire back its ex employees as it raises head count in order to meet up surging demand for outsourcing services.
The plan, known as Green Channel, will assist the country's second-biggest software exporter by sales to lessen the time exhausted on training new staff.
With employees resignations inching near to pre-recession levels, Indian outsourcers are now considering innovative methods to continue a regular supply of best talent to meet up the rising demand for outsourcing services, actuated by an increase in worldwide technology spending.
Infosys Technologies Ltd is an IT services company, which is headquartered in Bangalore, Karnataka.
The company is one of the biggest IT companies with 113,796 staff as of 2010.
Besides, it owns offices in 22 nations and development centres in India, China, Australia, UK, Canada and Japan.