( Recommended in SAKAL NEWS PAPER. Arthvishwa ) : 6th April 2009
Notables Observes:
- Infosys technologies limited, is a public limited and India's second largest software exporter company incorporated in the year 1981 as Infosys consultants private limited by Mr.N.R.Narayana Murthy at karnataka, who is chairman and chief mentor of the company.
- Infosys is a groundbreaking company in the field of information technology and it enjoys the privilege of being a dept free company.
- It's only the company to be part of the major global index.Company offers the services of consulting, process re-engineering, modular global sourcing and Business Process Outsourcing services .
- It has developed finacle, a universal banking solution to large and medium size banks across India and oversees.
- Its has five wholly owned subsidiaries namely as Infosys technologies China, Infosys technologies Australia, Infosys consultancy INC, Infosys BPO SRO and Infosys BPO Ltd previously known as progeon.
Share Holding patern :
- Promoter : 16.50 %
- Public : 64.39 %
- Custodian : 19.11%
Financial Highlights :
- Net Profit / (Loss) of Rs. 1641.00 Crore for the quarter ending on 31-DEC-2008 against Rs. 1432.00 Crore for the quarter ending on 30-SEP-2008.
- Net Sales of Rs. 5786.00 Crore for quarter ending on 31-DEC-2008 against Rs. 5418.00 Crore for the quarter ending on 30-SEP-2008.
Technical Overview :
- The stock On Daily Chart has given "Inverted Head & Shoulder Pattern" breakout with huge volume , indicating the trend reversal and beginning of an uptrend. The stock is recomended to buy cmp Rs 1420.40
Support Levels :
- Support 1 : 1378
- Support 2 : 1343
Stop Loss : 1317 on closing basis.
Target :
- Targets 1 : 1513
- Targets 2 : 1640
- Targets 3 : 1790
Period : 4 to 5 months.