India.FinancialNirvana.com » Sterlite http://india.financialnirvana.com Research, Analysis, Forecasting of Indian Stocks listed in the United States Thu, 03 Apr 2008 07:33:28 +0000 http://wordpress.org/?v=2.8.2 en hourly 1 Indian Stocks – Where do we go from here? http://india.financialnirvana.com/2008/03/02/indian-stocks-where-do-we-go-from-here/ http://india.financialnirvana.com/2008/03/02/indian-stocks-where-do-we-go-from-here/#comments Sun, 02 Mar 2008 09:31:41 +0000 Himanshu Pandya http://india.financialnirvana.com/2008/03/02/indian-stocks-where-do-we-go-from-here/ Just like the overall market, Indian ADR’s have struggled since 2008 rolled in.

Note: Videsh Sanchar Nigam Ltd. (VSL) is now called Tata Communications (TCL)

As far as I am concerned the only Indian ADR worth looking at this point is Sterlite (SLT). ICICI Bank (IBN) and HDFC Bank (HDB) are also worth considering but I would wait for a little better entry point.

As far as other ADR’s are concerned, I don’t see anything exciting at this moment. Let me know if you think otherwise. Any ideas would be welcome.

ETF’s/ETN’s/CEF’s

The recent launch of Wisdomtree India ETF (EPI) looks better than the India IPATH ETN (INP). Energy plays a bigger role in EPI and technology plays a bigger role in INP.

The Powershares India ETF (PIN) is about to launch as well. The ETF pick might end up being between Powershares India ETF vs. Wisdomtree India ETF.

Although the Indian markets have been hit by the turmoil here in the United States, India still remains an attractive investment destination. It’s certainly good to see the launch India ETF’s to give people more choices to invest in India.

Full Disclosure: I am long Sterlite (SLT)

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