Buy Infotech Enterprises, says Gujral

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Buy Infotech Enterprises, says Gujral

Buy Infotech Enterprises with a stoploss of Rs 383, says Technical Analyst, Ashwani Gujral.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Infotech Enterprises approves 1:1 bonus issue; stk up ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Infotech Enter See messages about Infotech Enter Infotech Enter BSE | NSE 30/05/12 Are Mutual Funds betting on Infotech Enter?

Buy Infotech Enterprises with a stoploss of Rs 383, says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "Most of the midcap techs have started to do well; Polaris, Infotech even Zensar, so we can buy Infotech Enterprises with a stoploss of about Rs 383 target here could be around Rs 442."

Yesterday the share closed up 6.79% or Rs 25.20 at Rs 396.60. Market capitalisation stands at Rs 2,201.11 crore

The company touched its 52 week high Rs 408.00 and 52 week low Rs 109.00 on 21 Apr, 2010 and 22 Apr, 2009, respectively. Currently, it is trading -2.79% below its 52-week high and 263.85% above its 52-week low.
 
The company's trailing 12-month (TTM) EPS was at Rs 18.79 per share. (Dec, 2009). The stock's price-to-earnings (P/E) ratio was 21.11. The latest book value of the company is Rs 124.33 per share. At current value, the price-to-book value of the company was 3.19. The dividend yield of the company was 0.38%.