Thursday, October 13, 2011


The second largest software company of India, Infosys has reported   9.72% growth in consolidated net profit for the September quarter Rs 1906 Cr against of Rs 1737 Cr in the same quarter of previous physical year. Company also has reported a revenue growth of 16.58%, from Rs 6947 Cr to Rs 8099 Cr. Infosys increased EPS  guidance  Rs 141- 143 from  Rs 128 -130 for FY 12 .Stock closed at  Rs 2679.35 on Wednesday at NSE. Price to Earnings Ratio of company is 18.86 for FY 12, which is comfortable for investing in stock. Stock has closed above its 100-day moving average line with high volume brake -out .Stock may touch Rs 2830 in few weeks. Buying is advised in Infosys.