Indian Stock Market

Eshers, As I had noted in the a previous thread, I think an US slowdown will be good for Indian IT stocks. There will be margin pressure which can be overcome by volume, as u have rightly noted. Patience is the key. I can safely say most of these stocks would do really well if held onto for atleast two years Debashish
On 9/12/07, Eshers wrote: > > My view as i posted in the other thread.. > ——— > I have a slightly different view, Short-term looks still unclear and it > will probably remain that way till the results, but long term looks very > very attractive. If i look at the reasons for the fall or underperformance > it could be basically because of 2 reasons, Re Appreciation and US Slowdown. > I do agree that these are real concerns but if we look back Re appreciation > is not something new and i have mentioned this here before too. The main > reason for the last qtr was the sharp appreciation which is un-expected and > such a sharp appreciation has happened only twice before. > > Regarding US Slow down which is not sure yet is also not something to > worry really. If i look at the numbers of IT Majors during the last time > when US had a recession makes me wonder if one should really worry about it. > I feel if US does slow down, it will present lot more opportunities with > probably some pressure on pricing (but not on volume) which is not seen yet. > This was confirmed most of the IT major recently including satyam yesterday. > I believe LTI should hold onto it and great companies at bad times are > always a buy. Also infy hasnt made any significant inroads with the > consulting businees and my belief is that its just a question of time, > though it has taken much longer than they would have liked. > > Ofcourse history may not repeat itself and “This time it will be > different” and price is the only thing thats correct in the markets.. > > > Cheers > > > > On 9/13/07, harry69 wrote: > > > > > hello all > > wud alos like to draw the attention of member to other IT stock like > > tech mahindrawhich is alos 40% down from it 52 week high cmp 1283 /52 > > week high 2048. please comment > > > > On Sep 13, 12:39 am, ER wrote: > > > if these IT stocks would have not underperformed, just imagine what > > our > > > sensex would have been instead of 15500. > > > > > > === > > > > > > On 9/12/07, Kots wrote: > > > > > > > > > > > > > > > > > > > > > > > > > Hi Guys, > > > > > > > When Sensex is at 15505.36 - just 2.2% down from its peak 15868.80… > > > > > > > Infosys (1820.05) - around 30% down from its peak Rs 2439/- > > > > TCS ( 1016.20) - around 35% down from its peak Rs 1399/- > > > > Wipro (452.60) - around 45% down from its peak Rs 690 /- > > > > Satyam (428.80) - around 25% down from its peak Rs 524.9/- > > > > > > > I understand that there is concern over the margin for IT players > > due > > > > to Rupee appreciation. > > > > > > > Do you guys see any upward move from this level? > > > > > > > Are you waiting for any specific level to enter into these stocks? > > > > > > > Do you think US Dollar will start getting strong against Rupees > > after > > > > US President Elections? If that happen what will be the impact on IT > > > > stocks? > > > > > > > Finally experts please advice if golden era of IT industry is over > > for > > > > these big local players and we should stay away from these stocks > > for > > > > some more time? > > > > > > > Thanks in advance! > > > > Kots > > > > > > — > > > Regards, > > > ER > > > > > > Beyond fear there is success.- Hide quoted text - > > > > > > - Show quoted text - > > > > > > > > > > Prefer concenrated Portfolio and long-term investing. My core holdings > > are Infosys, Nucleus, KLG Systel, M&M , PLNG.I normally avoid cyclicals, > > Commodities.. > > > > > >