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Infosys Technologies
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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Who`ll Bail Out Uncle Sam?
Posted by : BhavishyavaniTracked by: 0 Boarder
Who`ll Bail Out Uncle Sam?
WASHINGTON, Sept. 17, 2008
--------------------------------------------------------------------------------
(CBS) By CBS News White House correspondent Mark Knoller.
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The federal government may seem like a financial knight on a white steed riding to the rescue of big companies in trouble. The irony is that Uncle Sam’s got enormous money problems of his own.
The government is far deeper in debt than any of the companies it’s bailing out.
As of this morning, the national debt stands at over $9.634 trillion. That’s trillion - with a "T." And that’s nearly $4 trillion more than it was on the day President Bush took office.
This year alone, it’s costing taxpayers more than $230 billion just to pay the interest on the national debt.
And it’s getting bigger every day thanks to the relentless rush of the government spending money it has to borrow. The federal deficit for the fiscal year ending September 30 is expected in the range of $400 billion - close to the all-time high.
In fact, the government doesn’t have the $85 billion needed to bailout insurance giant American International Group.
The treasury department announced this morning it would auction new debt to raise funds for the Federal Reserve’s rescue plan for AIG.
The Fed didn’t need President Bush’s permission for the bailout, but he supports the action.
“The president’s economic advisors had determined that some of these companies were so big - that to allow them to fail would have caused even greater harm and damage to the economy,” explained Press Secretary Dana Perino at today’s White House briefing.
And despite the government’s intervention to keep a distressed company from failing, Perino insists “the free market is alive and well.”
“We have systems in place here in our country to be able to deal with shocks to the system like this,” she said.
The rescue plan means taxpayer funds are being put at risk, but Perino said “taxpayers might be harmed even worse” if the collapse of a major company caused broader economic damage.
She declined to repeat President Bush’s oft-stated assurance that the “fundamentals” of the economy are strong. But she said the economy has the strength to deal with the strains it’s now facing.
“We’ll weather the storm and be better for it,” she asserted.
But where does the federal government go when it needs a bailout? Taxpayers need only look in the mirror.
© MMVIII, CBS Interactive Inc. All Rights Reserved. ...
Macro and micro problems
Posted by : GuestTracked by: 0 Boarder
Pricing is very high, losing prospects to significantly smaller vendors.
High attrition.
Dissatisfied employees....
Infy Sept qtr PAT seen up 10.5% at Rs 1439 cr
Posted by : IT_BullsTracked by: 0 Boarder
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.
...
In reply to:
Infy Sept qtr PAT seen up 10.5% at Rs 1439 cr
Posted by : IT_Bulls
Infy Sept qtr PAT seen up 10.5% at Rs 1439 cr.
Motilal Oswal has come out with its earning estimates on software sector for the quarter ended September 2008. According to the report, Infosys revenues are expected to go up 8.9% at Rs 52,844 million versus Rs 48,540 million, QoQ.
The company`s net profit is seen up 10.5% at Rs 14,390 million versus Rs 13,020 million, QoQ.
You can`t defy the laws of gravity... nor economics
Posted by : BhavishyavaniTracked by: 0 Boarder
You can`t defy the laws of gravity... nor economics
These aren`t careless predictions, by the way. These are simple observations the follow the fundamentals. Why are the nations of the world fleeing the U.S. Treasury debt auctions? Why are dollars increasingly worthless everywhere except in the United States itself? The answer is because the Fed is hyperinflating the currency to save the banks, even while the government is snorting yet more crack and spending unprecedented levels of increasingly-worthless dollars on drugs and war (or, as they call it, "medication and defense").
Hence the bumper sticker: Annoy everyone. Explain the national debt. People don`t want to hear this. They`d rather imagine none of these problems exist; that debt doesn`t matter; that unlimited dollars can be created out of nothing with zero impact on peoples` savings; that the U.S. government is wise enough to avert financial disaster. These are the hopes of the deluded. These are precisely the ramblings of Enron`s accountants before the crash, or dot-com stock pushers before that crash. They`re the slobbering blatherings of all the people who said housing prices will never fall, and therefore everyone will get rich off the never-ending housing price booms!
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Resistance and Support level
Posted by : sankarantprTracked by: 0 Boarder
The Resistance and Support Level for tomarrow (07.10.08)
R1 1380.70 R2 1442.80 R3 1495.70
PIVOT 1327.80
S1 1265.70 S2 1212.80 S3 1150.70
...
Then & now
Posted by : BhavishyavaniTracked by: 0 Boarder
Then & now
Run-up to Great Depression and today`s recession havesome eerie similarities, but many important differences
By Dean Calbreath
UNION-TRIBUNE STAFF WRITER
October 5, 2008
On the campaign trail, Republican vice-presidential nominee Sarah Palin worries aloud that the nation “could be on that path” to the Great Depression. Her Democratic rival, Joe Biden, compares this year`s election to the Depression-era clash between Herbert Hoover and Franklin Roosevelt.
Associated Press
Stockbrokers at the New York Stock Exchange on Oct. 25, 1929, the day after "Black Thursday."
Associated Press
Traders Peter Edelson (right) and John Porcelli Jr. worked the NYSE floor last week.
On Capitol Hill, politicians argue that last week`s $700 billion bailout was necessary to stave off the threat of another depression.
On Wall Street, bearish market analysts have been arguing for months that a repeat of 1929 is possible. “It seems to me a near certainty that we`re about to enter something I have long called `The Greater Depression,` ” Doug Casey, author of the best-selling “Crisis Investing,” warned subscribers to his newsletter last week.
Most economists downplay the idea that we`re approaching another depression. The general consensus is that even though we are almost certainly in a recession, the downturn will not reach the depths of the Great Depression, in which one in four Americans lost their jobs, hundreds of factories shut their doors and thousands of banks closed as depositors pulled out their money.
There are, after all, a number of important differences between 1929 and 2008, including government safeguards created in the 1930s to prevent a similar collapse from occurring again.
The Federal Deposit Insurance Corp. stands ready to prevent the type of bank run that marked the true beginning of the Great Depression. Thanks to changes introduced over the past two weeks, the FDIC guarantees bank deposits of up to $250,000, as well as the health of the nation`s money market funds.
Unemployment insurance, another 1930s innovation, is designed to prevent Americans from going homeless or hungry after losing their jobs. The program typically offers at least six months` pay to jobless workers, but because of the recent spike in layoffs, Congress last week extended the pay by seven to 13 weeks.
Nevertheless, some of the similarities between 1929 and 2008 are eerie.
Not unlike today, the crash of 1929 was preceded by a decade of deregulation, cheap credit, housing bubbles, rising inflation, rampant stock market speculation, faltering employment, stagnant wages and a growing gap between the wealth of executives on Wall Street and the cash-strapped consumers on Main Street.
To jump-start the economy after a recession in 1920-21, the Federal Reserve slashed interest rates, similar to what then-Fed Chairman Alan Greenspan did following the recession of 2001.
Although wages for most workers were stagnant during the 1920s, Americans tried to keep pace with rising inflation by borrowing money. They used credit for such newfangled gadgets as cars, radios, refrigerators, washers, dryers and vacuum cleaners.
Lawrence Mishel, who heads the Economic Policy Institute, said that such overreliance on credit – similar to the recent reliance on credit cards and home equity loans – could not be sustained over the long run.
“You can`t run an economy without having enough income for workers to spend on consumption,” Mishel said. “It`s important to grow an economy the old-fashioned way: earning money, and then spending what you`ve earned.”
As in the recent past, the cheap credit in the 1920s led to a housing boom, fueled by five-year, balloon-payment mortgages. When the mortgages came due, the homeowners had the choice of paying the balance, refinancing, selling the property or going into default – similar to the choices facing adjustable-rate mortgage holders today.
Of course, as long as interest rates were low and real estate prices were going up, there was no reason to default. A mania for real estate developed, especially in Florida and Southern California.
In San Diego, for instance, the total value of building permits jumped 80 percent between 1920 and 1926. The supply of homes soon outstripped demand. In 1927, five times as many homes were built in San Diego as were sold. Home values dropped and construction faltered. Between 1927 and 1928, the value of building permits in San Diego plummeted 86 percent.
By 1929, homeowners could not keep up with their payments. Months before the stock market crashed, home-sale ads in The San Diego Union were full of phrases such as “price slashed,” “must sacrifice all,” “big reduction” and “must sell immediately.”
“Asking 60 percent of what property is worth,” a homeowner in Hillcrest wrote back then. “Any offer above 1/2 considered.”
By that point, the “smart money” of investors and speculators had left the housing market in favor of the stock market – a reverse of what happened this decade, when the smart money left the stock market after the dot-com crash of 2000-01 and started flooding the housing market.
The speculators were aided by the close ties between banks and Wall Street investment firms. When the home mortgage market was drying up, banks built a new line of business by lending money to stock investors.
Using this borrowed cash, the speculators furiously bid up share prices. Between December 1927 and December 1928, the Dow Jones industrial average jumped 50 percent, from a record-breaking 200 points to an even more astounding 300 points. Money from foreign investors – mostly English and Canadians, instead of today`s Chinese, Saudis and Japanese – flooded the market.
By early 1929, the skyrocketing prices caused a number of economists to worry that a bubble was forming in the stock market, fueled by credit. The Fed tried to choke off speculative trading by raising interest rates on the loans that investors used to buy stocks.
In late summer 1929, stock prices began to fall. Banks stopped lending to investors, jacked up interest rates to cover the risk and began calling in loans. This credit crunch accelerated the downturn on Wall Street, just like the current credit crunch, which is related to fears about the value of mortgage-backed securities.
Between September and October 1929, the market lost 40 percent of its value. The decline continued through 1933, when the Dow was 89 percent below its peak. Hundreds of companies went out of business. Others were forced to shed workers. Jittery bank customers, concerned about the safety of the financial system, cashed out their savings accounts, causing widespread bank failures.
With those runs on banks, which occurred months after the stock market collapsed, the Great Depression had begun.
Most economists doubt that the nation could see a repeat of that kind of economic collapse.
Most important, economists say, Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke have studied the Depression and are working to avoid its pitfalls. Bernanke`s studies concluded that the Great Depression could have been blunted if the government had pumped more money into the financial system.
Bolstered by that belief, Bernanke and Paulson have adopted a much more activist stance than their counterparts did in the 1930s – pumping hundreds of billions of dollars into the market, bailing out failing financial firms and keeping interest rates low to ward off a credit crunch.
Ross Starr, an economist at the University of California San Diego who knew Bernanke during his days at Stanford in the 1980s, said that if the Fed had not taken the type of action it has in recent months, “you would be faced with a lot of businesses going under and a rise in bankruptcies, since capital could not be mobilized to help the economy.”
Under a best-case scenario, Starr said, the economy may be in a recession that lasts through the end of this year or the beginning of 2009. “If we`re lucky, that`s all we`ll get,” he said. “But if we`re unlucky, it will probably be the worst thing we`ve seen since the 1940s.”
Indeed, some economists warn that even some of the steps the government has taken could lead to a different set of economic problems.
For instance, the multibillion-dollar bailouts and low interest rates could lead to a spike in inflation. And Congress` decision to float a $700 billion bailout bill while introducing multibillion-dollar tax breaks could rob the next president of the ability to introduce New Deal-like economic stimulus programs.
Instead of a depression, then, some economists say our current situation could be more analogous to the oil-related “stagflation” of the 1970s, which haunted the presidencies of Gerald Ford and Jimmy Carter; or the collapse of the Tokyo real estate and stock markets in the early 1990s, leading to a “lost decade” for the Japanese economy.
“Comparing 1929 to 2008 is a bit like comparing a Model T to a 2008 Chevy,” said Sung Won Sohn, an economist at California State University Channel Islands. “They`re both cars, but that doesn`t mean they`re both the same.”
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DOW JONES BELOW 10000
Posted by : sankarantprTracked by: 0 Boarder
Stocks at US markets plunged at the Monday open after a deepening financial crisis in Europe heightened worries about a global economic slowdown
Dow plummets nearly 400 points, falling below 10,000 for the first time in nearly 4 years, as anxiety over global slowdown grows.
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