Infy shares cheaper yet attractive: Barron's

Posted By: Staff
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New York, Mar 30: A report by Barron claims that shares of India's IT major Infosys Technologies are a cheaper investment in a bright future. It also appreciated Infy for holding up well in the recession period and said the company is positioning itself nicely for a recovery.

Infosys shares are trading at a discount to the average of the Standard & Poor's (S&P) 500 Index are attractively priced. Media reports also suggest that Infosys is planning for some acquisition in United States amidst global economic recession. Nandan Nilekani, the Co-Chairman of Infosys said to Wall Street Journal in an interview, "Acquisitions will definitely be very accessible in this market from a price point of view. If it makes sense, we'll do it," he added.

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