Karvy Stock Broking Limited has maintained ‘Buy’ rating on Infosys stock with an intraday target of Rs 1930.

According to Karvy, day traders can purchase the stock between Rs 1880-1888 with a strict stop loss of Rs 1850. If the stock market remains on positive track, the next target for the day will be above Rs 1935.

Shares of the company, on Monday (May 26), closed at Rs 1886.40 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 469652. Current EPS and P/E stood at 78.15 and 24.06 respectively. The share price has seen a 52-week high of Rs 2140 and a low of Rs 1212.2 on BSE.

India's brokerage firm Geojit Financial Services has registered 133% surge in its net profit for financial year 2007-08. The company has posted net profit of Rs 58.66 crore for the year ended March 2008, compared to Rs 25.21 crore last fiscal. The company’s consolidated revenues climbed 78% to Rs 238.31 crore from Rs 133.79 crore for the corresponding period last year.

In a separate release, the company has accepted French bank BNP Paribas's offer to buy 35% stake for Rs 60 crore in its fully owned software development unit Geojit Technologies Ltd.

Further, BNP Paribas will also pay Rs 40 crore to Geojit Commodities (GCL) or the company in compensation, for shutting down its commodities business, which is subject to applicable regulatory approvals.