Buy 3i Infotech; target of Rs 197: Bajaj Capital

Buy 3i Infotech; target of Rs 197: Bajaj Capital
3i infotech is not affected by weakening of US dollar, since its focus its spread over emerging market and not limited to US.
3i Infotech has achieved a 3-year CAGR of 75.5% in net profits. 3i Infotech's products are well received by BFSI sectors.
3i Infotech had a pending order book of Rs 655 crore a FY08. this is a good stock to buy at the current market & it is likely to go up to Rs 197, within 1 year.