3i Infotech can head upto Rs 70-72: Thukral

3i Infotech can head upto Rs 70-72, says Hemant Thukral, SBI Capital Securities.

Thukral told CNBC-TV18, "There is a huge difference coming on what are we seeing in the data points, all the midcap ITs has started seeing some serious buying. 3I Infotech on Friday has seen an addition of 8% in open interest, the cost of carry has started moving up clearly telling the stock can head towards Rs 70-72 levels in next 10 to 15 trading sessions. It has shown lot of consolidation around Rs 52-55 mark, so the traders have to keep a stoploss around Rs 55-54 zone to keep the long positions on." 3i Infotech trailing 12-month (TTM) EPS was at Rs -5.99 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was -. The latest book value of the company is Rs 42.65 per share. At current value, the price-to-book value of the company was 1.44. The dividend yield of the company was 2.44%.