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Infosys Technologies
Infy may not fall below 1000....
Posted by :
marketmanTracked by: 0 Boarder
The stock of infosys which can give eps of 100 for the next two years may not fall below 1000 in the near to medium term.... so,its investors need not get extra panic as it may just fall another 25% from present levels,in the worst case.... so, we may not see indy trading below 1000 during this year 2008....
The main problem is that many of its american clients not in position to pay the bills in time.......
Infy Sept qtr PAT seen up 10.5% at Rs 1439 cr
Posted by : IT_BullsTracked by: 0 Boarder
Infy should announce a profit of atleast Rs 1325 crores to take the stock to Rs 1800 levels....
In reply to:
Infy Sept qtr PAT seen up 10.5% at Rs 1439 cr
Posted by : IT_Bulls
Karvy Stock Broking has maintained its buy rating on Infosys Technologies with a target of Rs 2000 in its October 7, 2008 research report.
"Infosys for Q2FY09 is likely to report a sequential revenue growth of 8.6%, with revenues from offshore likely to grow by 9.7% and the fixed price projects revenues would continue to grow at a faster clip. We expect its net profit to increase by 8.2% sequentially, which on a YoY basis work out to 28.1%.
We expect Infosys to post an EPS of Rs 100 to Rs 102 for current year.
At the current price we continue with our Buy rating with a price target of Rs 2000," says Karvy Stock Broking`s research report.
Technical pull back is in cards
Posted by : vkk43Tracked by: 5 Boarders
Let us wait and watch the 2nd qtr working results first....
In reply to:
Technical pull back is in cards
Posted by :
Bhavishyavani
Abhi tu sirf Langoti hi pull out honi baki hai hindi mein kahavat (Saying) hai Bhagte bhoot ko longot bhali , jab Infy ka Baap (USA)ICU mein hai aur langoot choot gai hai tu ab murthy kiske asre pe nachega? tu bhaio jaldise infy becho varna langot bhi nahi bachegi yeh mein gurantee ke sath kahata hu
Lessons From the Selloff
Posted by : BhavishyavaniTracked by: 0 Boarder
Lessons From the Selloff
The selloff will help if it breaks down economic policy-making myths.Article
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Well, it`s finally sinking in. Yesterday`s global stock selloff is best understood as the recognition by investors that the financial panic is world-wide, and moreover that it almost certainly means a global recession. As bad as the carnage is and will be, this isn`t the end of days. It might even be clarifying if it causes economic policy makers to abandon some of the illusions that have guided them for the past 14 months.
AP
NYSE floor traders, Oct. 6, 2008.
One such myth is that the Treasury`s bank asset-purchase plan that passed Congress last week is somehow a financial silver bullet. It is merely a single tool, and in any case it can`t do much about the panic now afflicting banks across Europe. It also can`t rescue the property markets in Dubai, or the flight from emerging market stocks that also marked yesterday`s news. Europe in particular is going to have to fill the capital hole in its banks with its own rescue effort.
The rout might well have been worse if Congress hadn`t passed the plan, which signaled that the U.S. political system wouldn`t let the banking system crash. A problem now is that Treasury Secretary Hank Paulson still hasn`t shown he knows how to use his new tool, and his appointment of a 35-year-old former Goldman Sachs employee as the auction czar doesn`t call to mind Paul Volcker arriving at the Fed in 1979. With no disrespect to Neel Kashkari, who is Mr. Paulson`s choice, a financial panic is a bad time to be introduced to global markets. At a minimum, Treasury should have done better than leak his name to the newspapers. This is the kind of roll out that needs to be better than seat-of-the-pants -- and continues the problem of weak execution at Treasury.
Another myth is that exports to the rest of the world would somehow rescue the U.S. economy. This was the idea behind the devaluationists -- in Washington and at Harvard -- who pushed a weak dollar to promote exports to counter the U.S. housing slump. So much for that one. Yesterday`s selloff was worse in Europe and Latin America than it was on the U.S. Trying to steal "demand" from the rest of the world was short-sighted in the way that beggar-thy-neighbor tactics always are. And with Europe and Japan already in recession, and China slowing down, the export contribution to U.S. GDP is likely to fall sharply.
A third mistaken idea is that Federal Reserve rate-cutting would save the day. This is the poor sister of the weak-dollar lobby, popular on Wall Street and at Chairman Ben Bernanke`s Fed. Despite a year of falling rates, the financial panic is worse than ever and now the real economy is getting hit. The Fed`s rate cutting led to dollar flight that produced a commodity spike and oil as high as $147 a barrel. That only made a recession more likely as it sapped consumer discretionary income around the U.S. and worried families and business alike.
The good news is that some in the Fed now seem to realize this, and the Open Market Committee has stopped its pell-mell flight to a 0% fed funds rate. Instead, the Fed is using its discount window to provide liquidity to banks seeking safety, including yesterday`s addition of $600 billion to its Term Auction Facility, growing to $900 billion by November. That`s a striking amount of money, but it is the right way for a central bank to manage a panic.
Another useful step -- contained in last week`s rescue -- allows the Fed to start paying interest on reserve balances held at the central bank. This removes an implicit tax on banks and serves to put a floor under the fed-funds rate, because no one will lend overnight money at less than they can get by holding it on deposit at the Fed. This is another tool to begin the major and essential task of rebuilding the banking system.
Meanwhile, in other good news, the dollar has strengthened and commodity prices have fallen markedly from their record peaks in July. Much of this is a reaction to a potential recession, especially oil`s fall below $90, because the Fed`s monetary policy is still far from tight. But the dollar`s relative strength means Chairman Bernanke can afford to worry less about a run on the greenback and thus has more room to maneuver. As commodity prices fall back to Earth, consumers will pay less for gas and groceries and that should also help the economy in the months ahead.
The fourth illusion to burst is that temporary Keynesian "fiscal stimulus" would make all the difference. The Bush Administration and Congressional Democrats teamed up for that mistake in January, promising that $165 billion in tax rebates and spending would spare us from recession. Just a month ago, President Bush was still promoting these rebate checks as a blessing.
However, rebates merely took money from one part of the economy and redistributed it to others who either saved or spent it. Neither one changed incentives to invest or take risks. The result was a short-term fillip to statistical GDP but no surge in real growth. Mr. Bush should have learned this lesson from the failure of the rebates that were part of his tax cut of 2001. He listened to his political advisers instead of to the economists who gave him better advice in 2003. Because they were immediate, marginal and permanent, the 2003 tax cuts did help ignite a recovery. The world economy could use a similar U.S. tax-cut boost now to reduce the depth of recession and speed on recovery.
This is where our two Presidential candidates could help, if they have a mind to. The response by both Barack Obama and John McCain to the financial panic has done neither man credit. Both have been tactical and political in the most self-interested sense. Mr. Obama may get away with it given his lead in the polls, but Mr. McCain could use this moment to show some leadership.
Senator McCain could use tonight`s debate to map out an economic argument for the final month of the campaign. He would explain to voters how we got here, and that he has a plan to calm the panic, rebuild the banking system and revive the economy. He could start by saying his economic plan was designed before this crisis, but given the panic he has scrapped it and is proposing a major and immediate across-the-board tax cut.
It ill serves voters if the two men running for the Presidency of the United States offer little more than campaign boilerplate amid a crisis of this magnitude. The whole world is focused on these sobering events. The time is now for the country`s next President to match the moment.
Please add your comments to the Opinion Journal forum
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Todays CNN ? Times news
Posted by : BhavishyavaniTracked by: 0 Boarder
Tuesday, Oct. 07, 2008
Wall Street`s Crisis of Confidence: When All News is Bad News
By John Flowers / New York
For about 30 minutes on Tuesday, the Dow Jones Industrial Index gained back close to half of yesterday`s loss, which included the biggest point drops in more than 20 years for most of the world`s major stock indices. But investors could not look past the struggling U.S. financial sector, nor the overleveraged European banks. Very quickly, they sent the Dow on a day-long 500 point plunge — with it and the S&P 500 hitting five-year lows.
The market had initially been buoyed by decisions that occurred before it opened — both the Fed`s decision to buy the short-term debt, called commercial paper, that companies issue to fund expenses like payroll and inventory, and the Reserve Bank of Australia`s surprising decision to cut its official interest rate by a full percentage point.
But even the unprecedented Fed decision was quickly discounted by the market. Chris Low, chief economist of FTN Financial, said buying commercial paper was a "very good move," but explained that "investors almost have to see things work now before they`ll believe them." In particular, Low pointed out, investors may want to be sure that this year`s bailout shows results — unlike last year`s Master Liquidity Enhancement Conduit, which was an attempt to solve the subprime crisis by three private banks (Citigroup, JP Morgan Chase and Bank of America) using private money — essentially what Treasury Secretary Hank Paulson hopes to do now with public funds. Within months, however, the Conduit was abandoned when no investors were willing to buy the toxic mortgages. And so the government bailout was devised. "It`s gotten to the point that Bernanke and Paulson have lost enough credibility," Low said. "They have to show results now." He added: "Even if all of these plans work, there`s still going to be a pretty dramatic decline in growth. A recession is inevitable."
By the end of Tuesday`s trading day, the Dow had plummeted 5% to 9,447.11. The other major indices declined as well with the NASDAQ down 5.8%, the S&P 500 down 5.74%, while investors retreated to traditional safe harbors such as gold, which was up $17.10 to $833.80, and oil, up $3.39 to $91.20 respectively.
Even hints from Federal Reserve Chairman Ben Bernanke, testifying on Capital Hill today, of a possible rate cut did not help. His prognosis that slow growth in the American economy, not inflation, is now the Reserve`s primary concern only added bad news to a day that included fallout from yesterday`s after-hours Bank of America announcement that it will need to cut its dividend and raise $10 billion in capital. The bank, which has acquired Countrywide Financial and plans to do the same with Merrill Lynch, dropped almost 25% on the announcement. Morgan Stanley shares also plummeted 25% on rumors, which the company denied, that Mitsubishi-UFJ may not take an expected 20% stake in the embattled firm. J.P. Morgan was down about 9.5% while Citigroup fell more than 12%.
All this took place a day after many of the world`s major stock indices had experienced their largest percentage point drop since the October 1987 crash. American investors, it seems, are still worried about what may be on financial companies` balance sheets. The ad-hoc nature of the European response to its banking crisis has also raised concerns. Investors were clearly worried that even if a global financial meltdown is averted, a broad recession may be inevitable. And so, as governments attend to one crisis, the markets discover another to fret about — and the cycle of panic continues.
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Technical pull back is in cards
Posted by : BhavishyavaniTracked by: 5 Boarders
Abhi tu sirf Langoti hi pull out honi baki hai hindi mein kahavat (Saying) hai Bhagte bhoot ko longot bhali , jab Infy ka Baap (USA)ICU mein hai aur langoot choot gai hai tu ab murthy kiske asre pe nachega? tu bhaio jaldise infy becho varna langot bhi nahi bachegi yeh mein gurantee ke sath kahata hu...
In reply to:
Technical pull back is in cards
Posted by : vkk43
I too feel that INFY below 1300/- can be looked into for ST trading as results are in all probability likely to b better.
Countries Can Go Bankrupt Too!
Posted by : BhavishyavaniTracked by: 0 Boarder
Countries Can Go Bankrupt Too!
Whilst we ponder the deepening financial crisis where individuals are going bankrupt, corporations are going bankrupt, and lately the biggest banks in the world are going bankrupt. Savers should not forget that countries can also go bankrupt as the Germany of the 1920`s clearly illustrated that was saddled with huge debt burden following the end of World War 1 resulted in hyper-inflation and the systematic destruction of the value of savings as the German government printed money in response to Allied government demands for payment of War reparations, similarly governments now declaring ever larger bailouts and more importantly unlimited savings guarantees that if push comes to shuv would effectively bankrupt the said countries should their bluff ever be called. For the only way such guarantees could be financed would be by printing near unlimited amounts of money which would lead to hyper inflation and a collapse in the value of the currency and hence value of savings and the the whole economy. Therefore bailouts of the kinds that are being proposed are highly dangerous as they could lead to literally an out of control cascading currency collapse and loss of confidence in FIAT currencies which would result in a barter system economy, thus extreme economic deflation along the lines of the 1930`s Great Depression.
In that light, the Irish decision is seen as a highly risky short-term attempt to bolster the collapsing Irish banking system, which would bankrupt Ireland should they have to actually pay out on their promise. However Ireland`s action in part is highly selfish as the country is part of the EURO single currency mechanism and thus creates a huge problem for the other European countries that are witnessing a flight of capital, or mini-runs on their banks in favour of the the Irish banks with 100% guarantees, as all savings fall under the umbrella of the EURO single currency therefore money deposited with Irish banks is effectively collectively insured by all EURO countries in the form currency stability, which under normal conditions market forces would lead to a selling of the currency that is extending its liabilities which obviously is not happening in Irelands case due to the under-writing of Irelands currency by the whole of the EURO block. This will undoubtedly lead to actions amongst other EURO countries or by the European Commission in an attempt to reverse the Irish decision due to the impact on the whole of the European Banking System.
The Irish action is in many ways reminiscent of what followed the great crash during the 1930`s as governments sought to protect themselves by taking actions that destroyed international capital flows and trade. Therefore this could set in motion a chain reaction amongst governments where the net outcome would be to hasten the already trend in motion towards an economic depression as the global credit freeze turns into a credit ice age, especially if the next step is taken where savers suddenly realise that countries could also go bankrupt given the risk under written!
Gordon Brown realising the ramifications of the Irish decision has been calling on the Irish Government to comply with European Union competition law by reversing its decision, however what is likely to happen is that cry`s will go out across Europe to match the Irish guarantee which will meet much resistance from Germany that still bares deep scars from the consequences of hyper-inflation and therefore will be fully aware of the consequences of such action. It will be interesting to see what the outcome will be, for the more countries that follow Irelands example the more likely that the Euro will suffer in relative terms.
UK Banks with 100% Guarantees
The UK government does offer a 100% guarantee on several UK banks which includes National Savings and the Post Office as well as nationalised bank of Northern Rock which has become the toxic waste dump for nationalised mortgage backed securities such as those from Bradford and Bingley who`s savers also have temporarily 100% guarantee.
National Savings
Post Office
Northern Rock
Bradford and Bingley - temporary
Irish banks for 2 years
And again savers should not forget that the first £50,000 is secured at 100% amongst all UK banks under the FSCS (the Financial Services Compensation Scheme).
United States $700 to $820 Bailout Plan
The amended and inflated bailout plan was passed by the Senate yesterday and also looks set to be passed by the House of Representatives today. The key problem with the plan is that a. It is not enough to do the job, and b. That the US Treasury will not be paying market prices, as the whole problem with the frozen mortgage backed securities market is that the banks are not pricing their mortgage securities at the market price as if they were then they would be bankrupt. Therefore despite whatever spin the politicians put on the bailout plan, the US tax payer will be looking at an instant loss of some 50% or more on the price paid. The only positive from the revised bill is the increase in FDIC depositor guarantee from $100,000 to $250,000.
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Technical pull back is in cards
Posted by : vkk43Tracked by: 5 Boarders
I too feel that INFY below 1300/- can be looked into for ST trading as results are in all probability likely to b better....
In reply to:
Technical pull back is in cards
Posted by : novice1000
dear friends,
Infy may witness some upside in the near term.2nd quarter results are very likely to be on the positive side and may be better than the expected results.
So this counter may surprise on the upside in the very near future.
However this is not a LT call and traders with enough risk appetite and strict stop loss can try their luck in this counter.
regards
Technical pull back is in cards
Posted by : novice1000Tracked by: 5 Boarders
dear friends,
Infy may witness some upside in the near term.2nd quarter results are very likely to be on the positive side and may be better than the expected results.
So this counter may surprise on the upside in the very near future.
However this is not a LT call and traders with enough risk appetite and strict stop loss can try their luck in this counter.
regards...
In reply to:
Technical pull back is in cards
Posted by : novice1000
dear vkk,
yes.. the trend is more upward biased in this counter in the short term.Thanks for sharing your views.
regards
Results Buzz
Posted by : My MultibaggersTracked by: 0 Boarder
If Infy announce results as per expectations; i.e., Rs.1400 crores (+), then Infy & IT Index will zoom upward.
Take the best decision....
Infy near term resistance is 1300....
Posted by : marketmanTracked by: 0 Boarder
The stock of infy is on weak mode and may face resistance at 1300 for the near term.... people are not interested in the counter even ahead of results....
There is a talsk in the market that there may be so many bad debts from their american clients due to shut down of business in their country....
Though market is ready to give pe of atleast 13 to this quality counter,the company may not be in position to give full year eps of 100 even at these dollar-rupee rates.......
Infy Sept qtr PAT seen up 10.5% at Rs 1439 cr
Posted by : IT_BullsTracked by: 0 Boarder
Karvy Stock Broking has maintained its buy rating on Infosys Technologies with a target of Rs 2000 in its October 7, 2008 research report.
"Infosys for Q2FY09 is likely to report a sequential revenue growth of 8.6%, with revenues from offshore likely to grow by 9.7% and the fixed price projects revenues would continue to grow at a faster clip. We expect its net profit to increase by 8.2% sequentially, which on a YoY basis work out to 28.1%.
We expect Infosys to post an EPS of Rs 100 to Rs 102 for current year.
At the current price we continue with our Buy rating with a price target of Rs 2000," says Karvy Stock Broking`s research report.
...
In reply to:
Infy Sept qtr PAT seen up 10.5% at Rs 1439 cr
Posted by : IT_Bulls
Another agency has come out with a report saying Infy Q2 PAT seen up at Rs 1310 crores.
It has put a 1 year price target of Rs 2350 in Infy.
Infy Sept qtr PAT seen up 10.5% at Rs 1439 cr
Posted by : IT_BullsTracked by: 0 Boarder
Times of India: IT, BPO hiring to continue.
Despite fears of a global economic slowdown, India’s IT and ITES sectors expect hiring to continue in the fourth quarter of the calendar year 2008.
India had a net employment outlook of 57 per cent -- about 58 per cent of respondents anticipated an increase in employment, while 1 per cent reported a decrease in hiring. Another 26 per cent said they expect no change in their hiring intent, while the rest did not comment.
The survey was conducted among a total of 1,098 companies across the IT, ITES and BPO space.
Besides, India is also leading in terms of creating employment in the services sector in the Asia-Pacific region. India’s employment outlook for the entire services sector, including IT and ITES, stood at 47 per cent for the fourth quarter this year, while it was 15-21 per cent for countries such as Australia, China, New Zealand, Taiwan and Singapore. Hong Kong followed India, with an employment outlook of 32 per cent in the services sector.
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In reply to:
Infy Sept qtr PAT seen up 10.5% at Rs 1439 cr
Posted by : IT_Bulls
Another agency has come out with a report saying Infy Q2 PAT seen up at Rs 1310 crores.
It has put a 1 year price target of Rs 2350 in Infy.
Infy Sept qtr PAT seen up 10.5% at Rs 1439 cr
Posted by : Provide_LinksTracked by: 0 Boarder
From where you are getting this news ? Please provide the link to the infomation you are talking about. ...
In reply to:
Infy Sept qtr PAT seen up 10.5% at Rs 1439 cr
Posted by : IT_Bulls
Another agency has come out with a report saying Infy Q2 PAT seen up at Rs 1310 crores.
It has put a 1 year price target of Rs 2350 in Infy.
Head of GAO warns America is headed for financial ruin; national debt will bankrupt U.S. economy
Posted by : BhavishyavaniTracked by: 0 Boarder
Head of GAO warns America is headed for financial ruin; national debt will bankrupt U.S. economy
by Jerome Douglas
(NaturalNews) The comptroller general of the United States says the nation is on the path to financial ruin unless the American public tells Washington to change its ways.
David M. Walker, head of the General Accountability Office, or GAO, is the nation`s top federal accountant. With the voting season now in full swing as November approaches, candidates from both major political parties are talking up the standard issues that energize the public and encourage discussions, but no candidate appears to be talking about the state of the nation`s fiscal prospects.
"This is about the future of our country, our kids and grandkids … we the people have to rise up to make sure things get changed," says Walker.
Walker said the challenges facing the nation were severe as the federal government continues to fund operations by borrowing foreign money. He also warned of the coming effects on the economy as the "baby boomer" generation begins retiring, calling it a "demographic tsunami" about to wash ashore.
"He can speak forthrightly and independently because his job is not in jeopardy if he tells the truth," said Isabel V. Sawhill, a senior fellow in economic studies at the Brookings Institution. Walker`s term ends in 2013, as he is serving a 15-year term as the comptroller of the U.S., so he has one of the most secure jobs in Washington. That fact frees him to be candid about the state of the nation`s economy.
"You can`t solve a problem until the majority of the people believe you have a problem that needs to be solved," Walker says.
Mike Adams, a consumer advocate, adds that "The U.S. national debt is the 800-pound gorilla hiding in the economic closet … no one wants to talk about the national debt, and no politician who talks about reducing it will ever get elected. The U.S. public has lost any appetite for fiscal restraint and seems intent on driving this economy into total debt collapse."
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