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Did I miss the buying opportunity in Indian Stocks last week?

Himanshu Pandya — Mon, 26 Mar 2007 03:09:10 +0000

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 before starting a position.

Let’s look at the performance of Indian stocks from last week:

The thing is that you can expect the Sensex to go down just as swiftly as it went up last week.

The stocks and Funds I am targeting for now are:

ICICI Bank (NYSE: IBN)
HDFC Bank (NYSE: HDB)
Indian Fund (NYSE: IFN)
MS India Fund (NYSE: IIF)
IPATH ETNS (NYSE: INP)

I also like:

Tata Motors (NYSE: TTM)
Infosys (NYSE: INFY)

I consider all of above mentioned companies to be blue chip stocks and would love to invest in them for the long term.

I am definitely going to keep an eye on both the Indian banks IBN and HDB and also INP which is an ETF.

* I don’t own any of the stocks mentioned above.

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Indian Stocks to keep an eye on during this downturn

Himanshu Pandya — Fri, 02 Mar 2007 10:29:42 +0000

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 some quality stocks cheaper and more attractive. I plan to either buy the following stocks or add to my position in the near future depending on the overall market conditions.

Here’s my list of Indian Stocks (in no particular order):

HDFC Bank (NYSE: HDB) and ICICI Bank (NYSE: IBN) are two of India’s largest private banks and have been on a tremendous run for a while now. They have both taken a small hit not only due to the market downturn but also because of the Indian Budget which was just released. After my recent visit to India I am convinced that this is one sector I definitely want to be part of during these booming times. I am planning to write a separate column about my trip and the banking sector. I recommended both of these stocks last May but for some odd reason didn’t but them myself. Trust me, I am still kicking myself for it.
Infosys Technologies (Nasdaq: INFY): I don’t think Infosys needs any introduction. Another stock that has taken a big hit this week.

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* Full Disclosure: I am long STP, FTEK, UA, AMSC. I don’t have positions in BA, HDB, IBN, INFY or SIRF.

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Infosys launches a company blog – ‘Think Flat’

Himanshu Pandya — Fri, 08 Sep 2006 02:59:42 +0000

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 Flat’ as the name of their blog.

According to an Infosys spokesperson, “Think Flat blog would serve as a forum to share the company’s business perspectives with its clients and other business professionals”.

Check out the blog yourself: http://www.infosysblogs.com/thinkflat/

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Infosys becomes the fourth Indian company with Rs. 1 trillion Market Cap

Himanshu Pandya — Mon, 04 Sep 2006 22:44:57 +0000

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.

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Goldman Sachs initiates coverage on all four Indian IT companies

Himanshu Pandya — Fri, 25 Aug 2006 03:16:27 +0000

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’

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Prudential initiates coverage on Infosys with an ‘overweight’ rating and $90 price target

Rahul Rathi — Mon, 17 Jul 2006 01:55:29 +0000

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 the 30% achieved in F1Q06.

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Infosys one of the fastest growing IT brands in Europe

Rahul Rathi — Fri, 07 Jul 2006 11:16:05 +0000

MoneyControl: Infosys is expanding rapidly in Europe, and this has given it greater visibility outside US. It had recently started expanding its operation in UK, this expansion is of strategic importance to Infosys, as it will allow it to leverage the global talent pool, and to utilize the excellent physical and communications infrastructure required to rapidly scale up our operations.

Infosys has a growth rate of over 50% and more than half a billion dollars in revenues in EMEA (Europe, Middle East and Africa) region, Infosys is one of the fastest growing Consulting and IT Services organizations in the EMEA region.

Company’s revenue from Europe increased from US$ 340.3 million in 2004-05 to US$ 495.6 per cent per ann annum.
The company reported a consolidated net profit of US$ 152.1 million for the quarter ending March, 2006.

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Infosys and HP will provide IT infrastructure to United Bank of India (UBI)

Rahul Rathi — Wed, 05 Jul 2006 16:34:16 +0000

IT News Online: One of India’s largest public sector bank United Bank of India has picked Infosys (Nasdaq: INFY) and HP (NYSE: HPQ) to upgrade its IT Infrastructure. This will help UBI to achieve cost advantages as well as derive business benefits in the competitive banking environment in India. Infosys core banking solution, Finacle, would be implemented by HP in 600 branches of UBI in the country. Finacle core banking solution will enable UBI customers in India, access its products and services on a 24×7 basis. The customers will have access to banking and financial services anytime, anywhere through multiple delivery channels.

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Infosys eyes acquisitions, sees steady margins

Rahul Rathi — Mon, 03 Jul 2006 01:18:09 +0000

Reuters: Infosys (NYSE: INFY) is seeing better times than previous quarter, they are getting slightly higher margin from their clients and are getting more business from Europe which is growing faster. The addition of new customers accounted for 5 % of their revenue. The European business contributed 25 percent of Infosys revenue. Infosys CFO, V. Balakrishnan, The European business is growing much faster than US. The growth (in Europe) is coming from the UK. France and Germany are growing but not as fast as UK.

Infosys is looking to focus on its fast growing European markets so as to reduce its dependence on US markets only. For this it is looking to acquire companies with an annual revenue of $100-200 million for inorganic growth in areas where these companies can come and fill the strategic gaps that Infosys has in either services or geographic or technology area. The depreciating INR also helped to improve the margin a bit. V. Balakrishnan said here were some concerns in the market about a possible slowdown of the U.S. economy, but Infosys saw an opportunity in this. Our take on that is even if the economy slows down to some extent it only accelerates off-shoring. So, that will be good for players like us.

Competitor Wipro (NYSE: WIT) recently made a few acquisitions of its own including buying European based Enabler.

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Infosys gets a place in Nasdaq Global Select Market (INFY)

Rahul Rathi — Thu, 29 Jun 2006 04:05:45 +0000

Business Standard: Infosys Technologies (Nasdaq: INFY) has made it to the select group of around 1200 companies that qualify for the NASDAQ Global Select Market. By this inclusion in Nasdaq Global Select Market Infosys has joined the elite group of companies which have to follow strict listing standards in order to be in this club.

Infosys has all the qualities to become the leader in the global IT sector and this move takes it one step closer to its goal. On the occasion of official release issued today Bob Greifeld, President & CEO of NASDAQ, said. NASDAQ companies are doing business on a global basis and we wanted to recognize that in the creation of our new listing tiers. We believe the best quality companies will be attracted to the highest listing standards.

This is surely a sign of respect for Infosys.

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