Stock market analyst Simi Bhaumik has maintained 'buy' rating on Infosys Technologies Limited stock to achieve a target of Rs 3200.

According to analyst, the said target can buy the stock on dips to around Rs 3000.

Today, the stock of the bank opened at Rs 3077.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3162 and a low of Rs 2172.05 on BSE.

Current EPS & P/E ratio stood at 107.68 and 28.49 respectively.

Infosys Technologies Ltd is looking at either raising the total number of local hiring in the United Stated or getting hold of a US firm in the event of Washington's protectionist strategy measures proceeding to impact it in a depressing way.

For the technology giant, biz is on the right track in the North American market with banking, financial services and insurance (BFSI) proceeding to drive expansion, and currencies also moving positively.

Lower attrition and steady rating were the other constituents that favour the IT giant.

North America makes around 67% of the company's income, while Europe contributes around 20%.

In a recent announcement, a top Infosys representative stated that the company would appoint more laterals in the US market, and anticipates no restrictions on technology spending there even as stimulus funding tapers off.

At present, there are around 13,000 people based in the US with 88-90% of them on H1-B or L-1 visas.