Sell Infosys With Stop Loss Of Rs 3030

Sell Infosys With Stop Loss Of Rs 3030Stock market analyst Rahul Mohinder has maintained sell rating on Infosys Technologies Limited stock with a target of Rs 2920.

The interested investors can sell the stock at Rs 2990 with stop loss of Rs 3030.

Today, the stock of the company opened at Rs 2975.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3249 and a low of Rs 2343 on BSE.

Current EPS & P/E ratio stood at 111.07 and 27.12 respectively.

Country's second biggest software exporter, Infosys Technologies Ltd., will appoint more local citizens in the United States in order to beat up the hazards from alterations in the country's visa plan.

Company's Chief Executive Officer S. Gopalakrishnan made this declaration.

The country's software services firms, which win outsourcing deal require U. S. visas as some clients demand on-site employees to work as coordinators and offer up technical support.

Infosys Technologies registered consolidated net profit after tax (PAT) of Rs 17.37 billion for the three month period ended Sep 2010; QoQ growth stood at 16.7%; YoY growth remained at 13.2%.

Infosys consolidated proceeds stood at Rs 69.47 billion for July-September period; QoQ growth remained at 12.1%; YoY growth stood at 24.4%.

The company's EPS was Rs 30.41 for the three month period ended September 30.




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