TANMAY OBSERVES!

INFOSYS (Rs 1345) has broken out of consolidation and now it can reach Rs 1500 levels and more as further targets. The pattern is very bullish and one can add more of INFOSYS whenever it dips somewhat.

Infosys has no debt and sitting on $2 billion of cash. Infosys Technologies expects to find acquisition opportunities in America as it seeks to reaccelerate growth in the midst of an ongoing economic slump, co-chairman Nandan Nilekani said. http://www.dnaindia.com/report.asp?newsid=1243273
Infosys ties up R&D with Cambrigde University http://www.domain-b.com/companies/companies_I/Infosys/20090327_infosys_ties_up.html