INFOSYS (Rs 1770):- Buy Rs 1750-1770 for target Rs 2000-2030. Keep stops below Rs 1670. The target can be even Rs 2200 if one can hold for a bit longer term (stop losses can’t be given on longer term targets).
- INFOSYS results were not outstanding but in these difficult times results of such large tech companies are not expected to be very magnificent, sustaining profits is more important and when once again growth materializes this stock can outperform. Long-term investors need to accumulate.
- Market Talks - Infosys bags $10-m outsourcing contract from Intel, which could evolve into up to $100 million.
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