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Infosys Technologies
Infy may face strong resistance at 1400..
Posted by :
diliphmTracked by: 0 Boarder
Let us admit Infosys was lucky that HCL came forward to let them escape. Infy is very good in its core business of software services. But they are not good at acqisitions. Their China and Australia expansions and acqisitions are not doing very well. Their USA acquisition of Software consultancy is making losses. They are alse bad in currency management....
In reply to:
Infy may face strong resistance at 1400..
Posted by :
Guest
This is really funny - same ppl said so much of bluff when Infy bid for this deal. That time folks said, why Infy is puring out 800+M$ for this deal blah blah. To me, it seems Infy is carefulyl playing the ball. There were so many thing shappend in world mkt AFTER HCL announced the counter bid, and now they r almos through too. Given the change in world financial sector (US walstree virus - soon to spread to Europe too), I believe, Infy deliberately playing the late game. HCL will go through expensive $ shell out and Infy will pocket $8M (1% of deal). Since SAQ again falls major into financial domain, and the fact that US financial storm reaching out to Europe and elsewhere - Infy dropping this bid - to me seems very logical move. Let's see what happens..:-). 
Infosys
Posted by : GuestTracked by: 0 Boarder
Nice guess. Then I guess, HCL tech's 0.85% UP also due to AXON bid acceptance ?:-). Way to go with such pathetic school math. Ofcourse you've every right to post - but post something that atleast match your screen name with least match in quality. For quick bucks don't be so obsessed with IT pack, especially at these times. If want to invest - go LT - 2-3 yrs....
In reply to:
Infosys
Posted by : zoombusiness
Infosys shares fall nearly 4 pct after axon group backs hcl bid, stock trading at 1398
Infosys
Posted by : zoombusinessTracked by: 0 Boarder
Infosys shares fall nearly 4 pct after axon group backs hcl bid, stock trading at 1398...
Results on 10th Oct....Expectations
Posted by : IT_BullsTracked by: 0 Boarder
The rupee weakened to its lowest in more than five years, weighed down by a stronger dollar overseas.
"We believe that the rupee has potential to depreciate further towards 48 ... in the near term if the dollar cash shortage continues to persist," economists Indranil Pan and Kaushik Das at Kotak Mahindra Bank wrote in a note this week. ...
In reply to:
Results on 10th Oct....Expectations
Posted by : IT_Bulls
Lata Venkatesh on CNBC TV 18 says that the demand for dollar is very high for purchase of crude at 95 dollars. Dollar may go upto Rs 55 levels soon and 47 is the support for now.
Infy may face strong resistance at 1400..
Posted by : GuestTracked by: 0 Boarder
This is really funny - same ppl said so much of bluff when Infy bid for this deal. That time folks said, why Infy is puring out 800+M$ for this deal blah blah. To me, it seems Infy is carefulyl playing the ball. There were so many thing shappend in world mkt AFTER HCL announced the counter bid, and now they r almos through too. Given the change in world financial sector (US walstree virus - soon to spread to Europe too), I believe, Infy deliberately playing the late game. HCL will go through expensive $ shell out and Infy will pocket $8M (1% of deal). Since SAQ again falls major into financial domain, and the fact that US financial storm reaching out to Europe and elsewhere - Infy dropping this bid - to me seems very logical move. Let's see what happens..:-)....
In reply to:
Infy may face strong resistance at 1400..
Posted by : marketman
As Axon deal did not go through,the scrip of infy may face resistance at around 1400 in the near term.... the coming results also may not have capacity to break this resistance level.... so its followers will have o understand the laest developments in the counter and plan accordingly....
Results on 10th Oct....Expectations
Posted by : IT_BullsTracked by: 0 Boarder
Lata Venkatesh on CNBC TV 18 says that the demand for dollar is very high for purchase of crude at 95 dollars. Dollar may go upto Rs 55 levels soon and 47 is the support for now. ...
In reply to:
Results on 10th Oct....Expectations
Posted by : KARUNAS
USD will stablise around the current levels for the time being.
Infy may face strong resistance at 1400..
Posted by : marketmanTracked by: 0 Boarder
As Axon deal did not go through,the scrip of infy may face resistance at around 1400 in the near term.... the coming results also may not have capacity to break this resistance level.... so its followers will have o understand the laest developments in the counter and plan accordingly.......
Results on 10th Oct....Expectations
Posted by :
w.sharekhoj.komTracked by: 0 Boarder
why my msg not seen on any page...
In reply to:
Results on 10th Oct....Expectations
Posted by : Guest
Any time period when $ will touch Rs55?
HCL Tech clinches Axon takeover bid
Posted by : w.sharekhoj.komTracked by: 0 Boarder
now after result shd buy this stock ?...
RESISTANCE AND SUPPORT LEVEL
Posted by : sankarantprTracked by: 0 Boarder
The resistance and support level for tomarrow (03.10.08)
R1 1472.30 R2 1495.60 R3 1524.30
PIVOT 1443.60
S1 1420.30 S2 1391.60 S3 1368.30...
Axon drops Infosys bid in favour of HCL
Posted by : sankarantprTracked by: 0 Boarder
British software company Axon Group Plc said on Thursday it was withdrawing its recommendation of a takeover bid from India's Infosys Technologies in favour of a higher offer from HCL Technologies. Infosys' 407 million pound ($725.6 million) bid for Axon was last week trumped by local rival HCL's cash offer of 441.1 million pounds.
courtesy:ET
...
Buy Infosys October Futures above Rs 1405: ICICIdirect.com
Posted by : vkk43Tracked by: 0 Boarder
Thanks for this info....
In reply to:
Buy Infosys October Futures above Rs 1405: ICICIdirect.com
Posted by : StreetBeat
BFS sector in the US geography is where IT companies get the bulk of their revenues from. With that sector in total disarray, I would term the short-term (3-6 months) situation as extrmely bleak for now.
Results on 10th Oct....Expectations
Posted by : KARUNASTracked by: 0 Boarder
USD will stablise around the current levels for the time being....
In reply to:
Results on 10th Oct....Expectations
Posted by : Guest
Any time period when $ will touch Rs55?
Buy Infosys October Futures above Rs 1405: ICICIdirect.com
Posted by : StreetBeatTracked by: 0 Boarder
BFS sector in the US geography is where IT companies get the bulk of their revenues from. With that sector in total disarray, I would term the short-term (3-6 months) situation as extrmely bleak for now....
In reply to:
Buy Infosys October Futures above Rs 1405: ICICIdirect.com
Posted by : vkk43
But Infosys is already 1440 now.
Buy Infosys October Futures above Rs 1405: ICICIdirect.com
Posted by : vkk43Tracked by: 0 Boarder
But Infosys is already 1440 now....
In reply to:
Buy Infosys October Futures above Rs 1405: ICICIdirect.com
Posted by : MMB Messenger
ICICIdirect.com has recommended to buy Infosys October Futures above Rs 1405 with a stoploss of Rs 1398 and target of Rs 1418, Rs 1430.
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