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3i Infotech
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Posted by :
chaniTracked by: 0 Boarder
CRISIL downgrades outlook on 3i Infotech to Negative
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Credit rating agency, CRISIL has revised its rating outlook on 3i Infotech`s (Q, N,C,F)* long-term bank facilities to Negative from Stable; the rating itself has been reaffirmed at A-.
CRISIL has also reaffirmed its rating on the company`s short-term bank facilities and commercial paper programme at P1.
Rs 5036 million Term Loan *
A-/Negative (Outlook revised from Stable)
Rs 82 million Cash Credit Limit *
A-/Negative (Outlook revised from Stable)
Rs 380 million Proposed Long-Term Bank Facilities*
A-/Negative (Outlook revised from Stable)
Rs 705.9 million Bank Guarantee Limits *
P1 (Reaffirmed)
Rs 250 million Commercial Paper *
P1 (Reaffirmed)
The outlook revision reflects the expected slower growth in 3i Infotech`s revenues and profitability in the short to medium term on account of the current difficult business environment, particularly the adverse impact of the global slowdown. CRISIL`s earlier expectation was that high revenue and cash flow growth at 3i Infotech could result in a stable financial risk profile for the company. However, in the present scenario of a weakening global economy, CRISIL believes that the company is less likely to realise such growth.
The ratings continue to reflect 3i Infotech`s strategy of having a balanced product/services mix and geographical diversity in its revenue portfolio. These strengths are offset, to an extent, by the average size of 3i Infotech`s operations, which restricts the company`s ability to secure large global orders, and its highly geared capital structure.
CRISIL believes that 3i Infotech`s business and financial performance is susceptible to the ongoing slowdown in the global economy. The outlook could be revised to Stable if 3i Infotech is able to sustain its financial risk profile despite the difficult business environment. Conversely, the rating may be downgraded in case of a higher-than-expected sluggishness in the company`s business performance and further deterioration in its capital structure and debt protection measures.
3i Infotech (formerly ICICI Infotech) was promoted in 1993 by the erstwhile ICICI as a back-office processing company. The company offers a range of information technology (IT) services and products. Its IT product solutions include packaged applications for the banking, financial services, and insurance (BFSI) sector, and an enterprise resource planning (ERP) suite of applications. Its IT services include software development and maintenance, systems integration, and business process outsourcing.
Shares of the company gained Rs 1.6, or 4.69%, to settle at Rs 36. The total volume of shares traded was 58,425 at the BSE (Thursday).
chani...
In reply to:
SHARE TO BUY
Posted by : chani
3I INFOTECH has broken through the ceiling of a falling trend channel. This indicates a slower falling rate initially, or the start of a more horizontal development. The stock has resistance at rupee 44.00. RSI is oversold, which indicates a potential short-term reaction up. The stock is overall assessed as technically slightly negative for the short term. Rate of 25 is coming very soon.
chani
SHARE TO BUY
Posted by : chaniTracked by: 0 Boarder
3I INFOTECH has broken through the ceiling of a falling trend channel. This indicates a slower falling rate initially, or the start of a more horizontal development. The stock has resistance at rupee 44.00. RSI is oversold, which indicates a potential short-term reaction up. The stock is overall assessed as technically slightly negative for the short term. Rate of 25 is coming very soon.
chani
...
In reply to:
SHARE TO BUY
Posted by :
man
I would consider it would be wise step to buy in bulk 3iinfotech when all chartists say sell this counter as it can slide to 30 levels.
Buy when chartists or analyst are telling us to sell .Buy when all are selling and sell when all are buying. If you follow this and do as per your inner conscious is asking you to take decision.
Do not believe in any analysts chartists as they have not come here for charity but they are here to grab your bank balance.
Buy if you can afford the same and just don`t stretch your legs more than required.
Do not buy anything with borrowed money. If you do so you can remain always beggar in life.
Tracked by: 0 Boarder
This are all baseless talks in market in order to bring momentum in stock. Do not buy any stock on just talks ./rumors. I can only tell you this stock is good at current valuation by all means.
You need to be along term investor in this market for better rate of success...
In reply to:
BuyBack
Posted by :
deepakverma1977
I have heard that 3iInfotech will buy back its 10 million shares by the start of next month at th erate of 50 per share. please confirm if it is true?
BuyBack
Posted by : deepakverma1977Tracked by: 0 Boarder
I have heard that 3iInfotech will buy back its 10 million shares by the start of next month at th erate of 50 per share. please confirm if it is true?...
Tracked by: 0 Boarder
I would consider it would be wise step to buy in bulk 3iinfotech when all chartists say sell this counter as it can slide to 30 levels.
Buy when chartists or analyst are telling us to sell .Buy when all are selling and sell when all are buying. If you follow this and do as per your inner conscious is asking you to take decision.
Do not believe in any analysts chartists as they have not come here for charity but they are here to grab your bank balance.
Buy if you can afford the same and just don`t stretch your legs more than required.
Do not buy anything with borrowed money. If you do so you can remain always beggar in life....
In reply to:
SHARE TO BUY
Posted by : chani
3I INFOTECH is within a falling trend and continued decline within the current trend is indicated. On reactions back, there is resistance against the ceiling of the trend channel. The stock has resistance at rupee 44.00. RSI is oversold. The stock can still fall further, and we should see an increasing RSI before this is used as a positive signal. The stock is overall assessed as technically negative for the short term.
chani
SHARE TO BUY
Posted by : chaniTracked by: 0 Boarder
3I INFOTECH is within a falling trend and continued decline within the current trend is indicated. On reactions back, there is resistance against the ceiling of the trend channel. The stock has resistance at rupee 44.00. RSI is oversold. The stock can still fall further, and we should see an increasing RSI before this is used as a positive signal. The stock is overall assessed as technically negative for the short term.
chani...
In reply to:
SHARE TO BUY
Posted by : chani
3I INFOTECH is within a falling trend and continued decline within the current trend is indicated. On reactions back, there is resistance against the ceiling of the trend channel. The stock has resistance at rupee 44.00. RSI is oversold. The stock can still fall further, and we should see an increasing RSI before this is used as a positive signal. The stock is overall assessed as technically negative for the short term.
chani
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Posted by : chaniTracked by: 0 Boarder
well this is my personal software with my experience and movements and so on.
chani...
In reply to:
SHARE TO BUY
Posted by : sandy306
Hello Chani ji,
Can you please tell me which tool or service you use for technical analysis? I am new to this filed and want to learn about the trading.
Thanks
ajayjindal at gmail
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Posted by : sandy306Tracked by: 0 Boarder
Hello Chani ji,
Can you please tell me which tool or service you use for technical analysis? I am new to this filed and want to learn about the trading.
Thanks
ajayjindal at gmail...
In reply to:
SHARE TO BUY
Posted by : chani
It is not good buy and wait for the achievement of downward target of 31 first. Technically Weak Negative Candidate -Short term, Nov 7, 2008 Analysis Explanation
EQ has broken the ceiling of the falling trend, which indicates a slower initial falling rate. The stock has marginally broken down through the support at rupee 44.00. An established break predicts a further decline. RSI diverges positively against the price, which indicates a possibility for a reaction up. The stock is overall assessed as technically slightly negative for the short term.
chani
NSE Announcements on 3i Infotech
Posted by : MMB MessengerTracked by: 0 Boarder
3i Infotech Limited has informed the Exchange regarding a press release dated November 20, 2008, titled " Locuz, a 3i Infotech group Company, achieves Silver Partnership from Cisco". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on 3i Infotech
Posted by : MMB MessengerTracked by: 0 Boarder
3i Infotech Ltd has informed BSE regarding a Press Release dated November 20, 2008 titled "Locuz, a 3i Infotech group Company, achieves Silver Partnership from Cisco"...
Target 48
Posted by : chaniTracked by: 0 Boarder
get out from this stock immediately and this is going to touch 25 within few days. Technicals have given sell signal.
Negative Candidate -Short term, Nov 18, 2008 Analysis Explanation
3I INFOTECH has risen up towards the ceiling of the falling trend channel. A continued decline may be expected and the current price level may be a good exit price. The stock has resistance at rupee 43.50. RSI diverges positively against the price, which indicates a possibility for a reaction up. The stock is overall assessed as technically negative for the short term.
chani...
In reply to:
Target 48
Posted by :
basruru
I agree with you, but downside may still be left.
Target 48
Posted by : basruruTracked by: 0 Boarder
I agree with you, but downside may still be left....
In reply to:
Target 48
Posted by : alokvarshney52
As 3i infotech has more business in India, it is less affected by US recession and rupee movement. So, at current level, it is a pure buy. ST target - 48
Target 48
Posted by : alokvarshney52Tracked by: 0 Boarder
As 3i infotech has more business in India, it is less affected by US recession and rupee movement. So, at current level, it is a pure buy. ST target - 48...
NSE Announcements on 3i Infotech
Posted by : MMB MessengerTracked by: 0 Boarder
3i Infotech Limited has informed the Exchange regarding a press release dated November 13, 2008, titled "3i Infotech Revolutionises Online Transactions with eMudhra". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
BSE Announcements on 3i Infotech
Posted by : MMB MessengerTracked by: 0 Boarder
3i Infotech Ltd has informed BSE regarding a Press Release dated November 13, 2008, titled "3i Infotech Revolutionises Online Transactions with eMudhra"...
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