According to technical analysts, Infosys Technologies, which is currently trading at Rs 1,672.30 with the gain of Rs 36.95 or 2.26% can be purchased at current market price. The stop loss for this counter is Rs. 1629 and the target is Rs 1649-1664. This is an intraday call for day traders.

The company has accomplished $1 billion dollars in quarterly revenue for the first time in last quarter. The recent acquisitions by Infosys include 3 shared service centers in India, Poland and Thailand. With a center in Poland, the company has achieved better presence in Eastern Europe to cover more clients in that region. This also marks the largest presence of any Indian Technology/BPO company in the region.

Sanjay Purohit, VP & Head - Corporate Planning & Business Assurance, Infosys said, "Infosys has found entry into the BSC Hall of Fame on account of its innovative strategy planning and execution capabilities. We invest in a portfolio of organization-wide planning and execution processes and systems, which involves participation from a cross-section of our employees, including our under-30 budding young leaders. We believe our strategy roadmap and the BSC are key instruments that will help Infosys become a transformation partner to all the clients."  

The stock has touched a high of Rs 1,749.30 in intraday trading and a low of Rs 1,630.25. Infosys stock has touched a 52- week high of 2,415.00 and a low of Rs 1,517.25 on NSE. The stock is currently trading with a P/E of 23.03. Infosys has earnings per share of Rs 73.25.

The company has registered a net profit of Rs.1074.00 quarterly and Rs. 3783.00 annually in the profit and loss account of the company.