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3i Infotech
BSE Announcements on 3i Infotech
Posted by :
MMB MessengerTracked by: 0 Boarder
3i Infotech Ltd has informed BSE that the members at the 15th Annual General Meeting (AGM) of the Company held on July 25, 2008, inter alia, have approved all the items as contained in the Notice of AGM with requisite majority....
www.financeandstockadvice.blogspot.com
Posted by : GuestTracked by: 0 Boarder
best guidance and articles help to trade on self decision and analyze the potential of a stock and company....
RSI INDICATION
Posted by :
sankarantprTracked by: 0 Boarder
Thank u sir for your detailed reply.I am honoured...
In reply to:
RSI INDICATION
Posted by :
chani
Dear it will come down to 109 first and then 132. As per technicals:-
Positive Candidate -Short term, Aug 12, 2008 Analysis Explanation
3I INFOTECH has broken through the floor of a rising trend channel. This indicates a slower rising rate at first, or the start of a more horizontal development. The stock is between the support at 109 and the resistance at 115. A definitive break through of one of these levels predicts the new direction. Positive volume balance, i.e. high volume in days of rising prices and low volume in days of falling prices, strengthens the stock in the short term. The stock is overall assessed as technically positive for the short term.
chani
RSI INDICATION
Posted by : chaniTracked by: 0 Boarder
Dear it will come down to 109 first and then 132. As per technicals:-
Positive Candidate -Short term, Aug 12, 2008 Analysis Explanation
3I INFOTECH has broken through the floor of a rising trend channel. This indicates a slower rising rate at first, or the start of a more horizontal development. The stock is between the support at 109 and the resistance at 115. A definitive break through of one of these levels predicts the new direction. Positive volume balance, i.e. high volume in days of rising prices and low volume in days of falling prices, strengthens the stock in the short term. The stock is overall assessed as technically positive for the short term.
chani
...
In reply to:
RSI INDICATION
Posted by : sankarantpr
The RSI indicates a continual rise since 31.07.08 up to 07.08.08.On 8.8.08 slight downward indication is there.So there may
be scope for further upward tendency in the coming sessions
NSE Announcements on 3i Infotech
Posted by : MMB MessengerTracked by: 0 Boarder
3i Infotech Limited has informed the Exchange that: "The Company has allotted 3,700 equity shares on August 12, 2008, to the applicants under Employee Stock Option Scheme, 2000"....
BSE Announcements on 3i Infotech
Posted by : MMB MessengerTracked by: 0 Boarder
3i Infotech Ltd has informed BSE that the Company has allotted 3,700 equity shares on August 12, 2008, to the applicants under Employee Stock Option Scheme, 2000 (ESOS)....
Mutual Fund
Posted by : Silent DonTracked by: 0 Boarder
Buy Reliance or HDFC mutual funds Equity FUnds which are much more rewarding than the other funds....
In reply to:
Mutual Fund
Posted by :
samirwalavalkar
I am a long term invstor, in whic mutual funda i can invest
Mutual Fund
Posted by : samirwalavalkarTracked by: 0 Boarder
I am a long term invstor, in whic mutual funda i can invest...
ADX indication
Posted by : sankarantprTracked by: 0 Boarder
The ADX shown a bullish trend continuously
for six sessions since 31.07.08....
RSI INDICATION
Posted by : sankarantprTracked by: 0 Boarder
The RSI indicates a continual rise since 31.07.08 up to 07.08.08.On 8.8.08 slight downward indication is there.So there may
be scope for further upward tendency in the coming sessions...
to average my stock
Posted by : mani2408Tracked by: 0 Boarder
i had 230 shares of 3iinfotechat rs141. how can i average my value to aviod my loss...
3i Infotech: Hold
Posted by : sankarantprTracked by: 0 Boarder
The Businessline has the follwing article:
Lowered IT spends by clients on the back of credit crisis-related write-downs and slowing economic growth in the US have created a turbulent environment for Indian software developers. In this context, a very select band of IT companies may be well-placed to weather this turbulence.
The top-tier and select mid-tier IT companies that have offerings focussed away from pressure points may fit the bill. Investors with a one-two year horizon can continue to hold the shares of 3i Infotech, considering its reasonable valuation and extensive domestic presence.
At Rs 116, the stock trades at nine times its likely 2008-09 earnings, which is a reasonable valuation level for a mid-tier IT services company.
3i’s deal wins in the e-governance space and acquisitions that are focussed on the core operations of banks lend revenue visibility. A lower dependence on the US and a presence in the critical functions of the BFSI industry will make 3i Infotech better placed than its peers to weather the sub-prime crisis.
Business drivers
Products focussed: 3i Infotech has products and services making an almost equal contribution to its revenue mix. The company offers products and services spanning the entire gamut of IT requirements for financial services companies and caters to banks, insurance companies, mutual funds and capital markets. This end-to-end offering for the BFSI segment gives 3i Infotech an edge over other Tier-2 IT services companies in terms of offerings. The products business offers scope for sustainable revenues in the form of installation, customisation, upgradation and maintenance operations for clients.
Increasing presence in domestic e-governance: In domestic markets, 3i Infotech has been able to increase its presence in Government-initiated projects. It has won a Haryana Government project for the establishment of e-Disha Ekal Seva Kendra Project. This deal follows a similar one from the Goa Government that entails the setting up of 208 citizen service centres by the company. The nature and scale of these projects mean that 3i Infotech can be expected to generate a stable revenue stream over a multi-year period.
Considering that government spend on providing IT and IT-enabled services is on the rise, with sizeable budget allocations, scaling up of operations in these service centres can provide the company with additional revenues. 3i has also won deals with domestic banks such as Bank of India and United Bank of India for deploying its products.
Geographic spread and acquisitions: The company has a wide geographic spread in its revenue mix. It generates 50 per cent of its revenues from India, Asia-Pacific and West Asia. The US contributes to about 40 per cent of its revenues, which is significantly lower than peers in this space.
Overall, this spread may to some extent protect 3i Infotech from the volatility against the dollar. West Asia and the Asia Pacific regions are also fast growing ones in terms of IT infrastructure spending and offer opportunities that 3i Infotech may be well-placed to tap.
Acquisitions to enhance growth: 3i Infotech’s acquisition of the US-based J&B Software (J&B) Inc signals its move to expand inorganically and augment its software products offering. The deal is valued at $25.2 million and 3i has indicated that the acquisition would be immediately EPS-accretive. The other big-ticket acquisition of Regulus group for $80 million is in the transaction processing (cheque and remittance processing) segment. These acquisitions in the important operations of banks means that it is less exposed to credit crisis-related operations and clients.
Risks
Though the company’s direct exposure to the US loan market is limited, vulnerability to the sub-prime crisis could arise from an indirect exposure, what with global banking players across the US and Europe continuing to announce huge write-offs. Deals won in the Asian region, especially India, could lead to deal sizes and margins being lower compared to other geographies such as the US.
With the acquisition of Regulus, transaction processing will gain momentum, but these are volume-based services and command lower billing rates compared to traditional IT services and might lower realisations.
Courtesy: Businessline...
MOST IRRITATING
Posted by : shirva1708Tracked by: 0 Boarder
The way you keep tinkering with the layout is most irritating. why do not you leave the things as they are and concentrating on improving the content. every once in a while a user is forced to get accustomed to the new idiosyncracies you demonstrate and find his way through the site - solely to retrieve what he had stored earlier. it is high time this nonsense is put an end to...
long
Posted by : stockhotTracked by: 0 Boarder
tgt if any pls reply me...
NSE Announcements on 3i Infotech
Posted by : MMB MessengerTracked by: 0 Boarder
3i Infotech Limited has informed the Exchange that: "The Company has allotted 2,500 equity shares on August 05, 2008, to the applicants under Employee Stock Option Scheme, 2000"....
Boarders Outlook on 3i Infotech
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