Sell Infosys With Target Of Rs 2850
According to analyst, the interested investors can sell the stock with strict stop loss of Rs 3030.
Mr. Gujral said that it is better to sell the stock at this time as there are full chances of a downfall in the coming days.
Today, the stock of the company opened at Rs 2995.10 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 3059 and a low of Rs 2172.05 on BSE.
Current EPS & P/E ratio stood at 107.68 and 27.82 respectively.
Indian technology behemoths including Infosys and Wipro are eyeing to strengthen their businesses in the European market via novel ventures in order to lessen their income from the US market to 40% by 2015 from more than
60% at this time.
Eric Isabey, Chairman of Pierre Audoin Consultants, who is advising the Indian IT firms on European ventures, stated, "The focus of these companies is shifting to continental Europe, particularly Germany and France."
Eric added that Indian biggies such as Infosys, HCL Technologies, Mahindra Satyam and MindTree were eyeing local associates in the two nations with the aim to boost their biz in the European market.
