4. Infosys Technologies ( INFY), a global technology services company, engages in providing end-to-end business solutions and software products for the banking industry and business process management services. During the past week, the stock has improved 0.8%. Of the 17 analysts covering the stock, 35% rated it a buy and 53% suggested a hold. Analysts polled by Bloomberg expect the stock to gain an average 10.8% to $69.99 over the next 12 months. Last week, Infosys unveiled that it acquired the software solutions business of Gen-I, as part of a partnership agreement with Telecom Corporation of New Zealand to offer outsourcing services for the company's Australian clients. Infosys Australia and New Zealand, and Gen-I will form part of the partnership. The financial terms of acquisition were not disclosed.
Harbin Electric (Nasdaq:HRBN) hit a new 52-week high Monday as it is currently trading at $23.62, above its previous 52-week high of $23.20 with 539,265 shares traded as of 9:55 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.