Buy Infosys With Stop Loss Of Rs 2976

Buy Infosys With Stop Loss Of Rs 2976Technical analyst Anu Jain is bullish on Infosys Technologies Limited and has maintained 'buy' rating on the stock with a target of Rs 3080.

Jain said that the stock can be purchased with a stop loss of Rs 2976.

Today, the stock of the company opened at Rs 2998.85 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3493.95 and a low of Rs 2565 on BSE.

Current EPS & P/E ratio stood at 114.52 and 26.24 respectively.

India`s second biggest IT firm, Infosys Technologies announced that it has kicked off its initial software development block (I) at its Technopark Campus II in Kerala.

Infosys said that its second campus at Technopark Campus II (SEZ) will cover up more than 50 acres.

It will be completed by the next five years in a phased way.

Finacle, the universal banking solution from Infosys, and IRIS Business Services, a global head in XBRL tools and solutions declared a strategic affiliation to offer banking institutions with the IRIS XBRL suite, permitting financial reporting process mechanization in conformity with XBRL norms.