Sell Infosys With Stoploss Of Rs 2640
Stock market analyst Kunal Saraogi is of the view that investors can sell Infosys Technologies Ltd stock to achieve a target of Rs 2460.
According to analyst, the investors can sell the stock with a stoploss of Rs 2640.
If the stock fell below Rs 2445, it may see more weakness.
After selling the stock, the interested investors can buy the stock again on declines for long term.
Today, the stock opened at Rs 2616 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 2875 and a low of Rs 1499 on BSE.
Current EPS & P/E ratio stood at 108.41 and 23.96 respectively.
According to reports, Alstom and Infosys Technologies have decided to strengthen their association in regions of global research and development, engineering and engineering IT services.
This association also includes substantial strategic investments bythe next five years in order to build up as well as expand next generation solutions for the power segment.
The technology giant will offer up support to Alstom Power`s global business divisions in different sections comprising product growth, simulation, product lifecycle management, and engineering IT.
Moreover, Infosys will also back up Alstom in constructing knowledge management processes for its design and engineering groups.