I was hoping for the Sensex to go below the 12,000 point mark before starting a position in some blue chip Indian stocks but it seems like I missed the opportunity so far. Sensex rebounded strongly last week to close the week at 13,285.93 and never went below the 12,000 point level that I was hoping for [...]
My first day back from vacation and the market takes its biggest hit in six years. Some of my high fliers such as Suntech Power (NYSE: STP) and FuelTech (Nasdaq: FTEK) have taken a big time beating. Suntech Power has gotten the worst of it being a Chinese company. What this downturn has done is made [...]
CIOL: Infosys Technologies (Nasdaq: INFY) has launched a blog called ‘Think Flat‘. As you would probably expect the name is based upon New York Times columnist Tom Friedman’s book, ‘The World is Flat’. Since, Tom Friedman credited Infosys CEO Nandan Nilekani for the name of his book I don’t think he would mind Infosys using ‘Think [...]
The Hindu: I thought this was very interesting. Infosys Technologies (Nasdaq: INFY) has joined three other companies in India with a market cap of over Rs. 1 trillion. This makes Infosys the fourth largest publicly traded company in India behind ONGC, Reliance Industries and NTPC.
Share This
Goldman Sachs recently initiated coverage on all four Indian IT firms listed in the United States.
Infosys Technologies (Nasdaq: INFY) – ‘Neutral’
Wipro (NYSE: WIT) – ‘Neutral’
Satyam (NYSE: SAY) – ‘Buy’
Patni Computer Systems (NYSE: PTI) – ‘Sell’
Share This
NewRatings: Analyst Bryan C Keane of Prudential Financial initiated coverage of Infosys Technologies Limited (Nasdaq: INFY) with an “overweight” rating and a $90 price target. The analyst mentioned that the company continues to witness robust demand for its services. According to the analyst the company’s revenue growth is expected to re-accelerate in F1Q07 to above [...]
