CMP: 2447

Infosys Limited provides IT consulting and software services,including e-business, program management and supply chain solutions. The Group's services include application development, product co-development, and system implementation and system engineering. Infosys targets businesses specializing in the insurance, banking, telecommunication and manufacturing sectors.

Its time to pick blue chips and Infosys has been battered more in this correction. Dividend yields of 2.50% is amazing. Currently trading at P/E of 21. Revenues and profits have close to doubled in the last 5 years. Its a good buy for short term and a safe long term bet. NPM of over 25% is strong. Buy and book profits above 3000 when it rallies.