Technical Analyst Ashwani Gujral has suggested short term buy call for KPIT Cummins Infosystems. The stock can be bought at current market price with a strict stop loss of Rs 120. This is a delivery based call and investors can expect decent returns with stock having a short term target Rs 180.

KPIT Cummins Infosystems was formed by the merger of KPIT and Cummins Infosystems in year 2002. Based on the current results, the stock of KPIT Cummins Infosystems is trading at P/E of 15 and has earnings per share of Rs 8.

KPIT Cummins Infosystems provides IT enabled services. It also offers services that comprehend architectures and chip design/verification.

At the National Stock Exchange, the stock has touched 52-week high of Rs 181 and a low of Rs 69. The company is poised for growth in coming quarters.