3. Infosys

Firstcall Research is bullish on Infosys and has recommended buy rating on the stock with a target price of 3,009 in its January 21, 2012 research report.

Infosys, formerly Infosys Technologies, is a global technology services company. Infosys provides engineering, technology, business consulting and outsourcing services to clients living in more than 30 countries. Its end-to-end business solutions influence technology for its clients.

According to Firstcall Research, Infosys has reported net profit of 23720 million for the quarter ended on December 31, 2011 as against 17800 million in the same quarter last year, an increase of 33.26 percent. It has reported net sales of 92980 million for the quarter ended on December 31, 2011 as against 71060 million in the same quarter last year, a rise of 30.85 percent. Total income grew by 31.42 percent to 97200 million from 73960 million in the same quarter last year. During the quarter, it reported earnings of 41.47 a share.

Currently, Infosys is being traded at 2,881.90 in the stock market. Its 52 week high has been 3,317.10 and 52 week low was 2,161.50. It is currently being traded at an average volume of 705,801.