In view of rupee turning weaker as FIIs are on selling spree and taking dollars out, here's the latest table:
...............7 Nov 07........15 Nov 07........20 Nov 07
1$ = ..........Rs. 39.15 .......Rs. 39.28 .......Rs. 39.38
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3IINFOTECH.....129.85 (SS)......127.75 (H).......133.95 (SB)
APTECHT........358.50 (SS)......376.40 (SB)......395.95 (SB)
INFOSYSTCH....1745.90 (SS).....1647.30 (SS).....1565.70 (SS)
MINDTREE.......433.20 (SS)......447.20 (SS)......432.05 (SS)
MOSERBAER......269.05 (S).......276.40 (SB)......276.95 (SB)
MPHASIS........288.00 (H).......276.50 (SS)......277.65 (SS)
NIITTECH.......270.35 (SS)......250.80 (SS)......240.00 (SS)
PATNI..........328.60 (SS)......313.60 (SS)......318.05 (SS)
POLARIS........102.50 (SS)......105.45 (H).......109.80 (H)
ROLTA..........696.50 (S).......713.80 (SS)......698.25 (H)
SATYAMCOMP.....436.00 (H).......428.75 (SS)......418.15 (S)
TCS............997.05 (S).......980.20 (SS)......961.35 (SS)
TECHM.........1054.25 (H)......1035.20 (SS).....1040.70 (SS)
TULIP..........924.25 (H).......925.35 (SB)......960.35 (SB)
WIPRO..........477.25 (H).......457.20 (SS)......448.30 (SS)
B=Buy, SB=Strong Buy, H=Hold, S=Sell, SS=Strong Sell
Along with AptechT, MoserBaer, Tulip, now 3iinfotech turns SB. Polaris and Rolta could also start running up as rupee depreciates further. AptechT and TulipIT volumes have gone up significantly. It seems FED has approved Dr. Ravi Batra's warnings about dollar value, and may be set to RAISE interest rate! In the long run, it may be a better for USA which is showing very storng signs of recession now. I am sure there is money in this data for us.
Paresh
