Nirmal Bang Research has suggested investors to 'sell' Infosys stock as there are full chances of a downward trend in this stock in the coming days.

According to report, if the stock breaks below 1995, investors can sell the stock with a strict stop loss of Rs 2020 to achieve a target of Rs 1910.

Today (Aug 10), the stock opened at Rs 2052 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 105.07 and 19.86 respectively. The share price has seen a 52-week high of Rs 2105 and a low of Rs 1040 on BSE.

The report added if the stock fell below Rs 1,985, it may see more weakness. After selling the stock, the interested investors can purchase the stock again at a low price, for medium term prospective to make good profits.

Infosys Technologies, on Aug 3, turned the first private firm to come under the safety blanket of Central Industrial Security Force (CISF). It would be defended by the force which usually protects government systems.

Infosys Technologies, on July 21, has been given the eBiz Project by DIPP (department of industrial policy and promotion), ministry of commerce and industry, government of India.

Infosys Technologies declared a steady growth in its consolidated PAT for the three month period ended June 2009, beating the market anticipations.

During the quarter, the consolidated PAT surged 17.28% to Rs 15,270 million, while its consolidated total income from software services, products and BPO increased
12.73% to Rs 54,720 million.