NEW YORK, March 29 (Reuters) - Shares of Infosys Technologies Ltd are a cheap investment in a bright future, Barron's reported on Sunday.
The Indian information technology company is holding up well in the global downturn and is positioning itself nicely for a recovery, Barron's said.
Barron's also said Infosys shares, which are trading at a discount to the average of the Standard & Poor's 500 Index , are attractively priced and that the company is unlikely to eliminate its dividend.
(Reporting by Martinne Geller; Editing by Steve Orlofsky)
((Reuters Messaging: martinne.geller.reuters.com@reuters.net; (646) 223-6023)) Keywords: INFOSYS/SHARES (http://blogs.reuters.com/shop-talk/ for Shop Talk -- Reuters' retail and consumer blog) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The Indian information technology company is holding up well in the global downturn and is positioning itself nicely for a recovery, Barron's said.
Barron's also said Infosys shares, which are trading at a discount to the average of the Standard & Poor's 500 Index , are attractively priced and that the company is unlikely to eliminate its dividend.
(Reporting by Martinne Geller; Editing by Steve Orlofsky)
((Reuters Messaging: martinne.geller.reuters.com@reuters.net; (646) 223-6023)) Keywords: INFOSYS/SHARES (http://blogs.reuters.com/shop-talk/ for Shop Talk -- Reuters' retail and consumer blog) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.