From KOTAK's Technology Sector Overview on 20 May, 2008
| Company | Rating | 16-May | Target |
|---|
| TCS | REDUCE | 981 | 950 |
| Wipro | ADD | 506 | 490 |
| Infosys | BUY | 1,871 | 1,800 |
| Satyam Comp | BUY | 487 | 500 |
| HCL Tech | REDUCE | 296 | 260 |
| i-flex solutions | SELL | 1,403 | 1,100 |
| Patni | SELL | 281 | 270 |
| Hexaware | SELL | 67 | 70 |
| Polaris Software | SELL | 110 | 85 |
| Tech Mahindra | ADD | 957 | 900 |
| Mphasis BFL | SELL | 246 | 200 |
| MindTree | BUY | 455 | 480 |
| STOCK | 31 Mar 08 | 02 Apr 08 | 25 Apr 08 | 08 May 08 | 24 May 08 |
|---|
| 1$ = | Rs. 39.88 | Rs. 39.955 | Rs. 40.17 | Rs. 41.76 | Rs. 42.70 |
| Nifty | 4734.50 | 4820.00 | 4999.85 | 5081.70 | 4946.55 |
| 3IINFOTECH (70 - 162) | 98.90 | 100.35 | 118.40 | 127.05 | 123.65 (SS) |
| APTECHT (133 - 450) | 222.10 | 210.40 | 252.25 | 246.35 | 238.30 (SS) |
| INFOSYSTCH (1255 - 2142) | 1439.90 | 1482.80 | 1684.30 | 1784.65 | 1828.75 (S) |
| MINDTREE (290 - 834) | 335.10 | 345.00 | 450.65 | 471.90 | 470.75 (H) |
| MOSERBAER (119 - 345) | 152.15 | 159.30 | 179.15 | 191.35 | 182.20 (SS) |
| MPHASIS (150 - 336) | 201.75 | 197.20 | 228.25 | 219.70 | 232.65 (SS) |
| NIITTECH (85 - 425) | 101.90 | 105.35 | 131.05 | 144.90 | 155.60 (H) |
| PATNI (170 - 599) | 222.30 | 235.90 | 250.30 | 271.35 | 275.90 (SS) |
| POLARIS (62 - 175) | 78.60 | 79.95 | 100.80 | 107.00 | 104.90 (SS) |
| ROLTA (200 - 396) | 261.35 | 270.35 | 329.00 | 311.60 | 299.25 (S) |
| SATYAMCOMP (305 - 523) | 396.35 | 408.40 | 444.70 | 471.70 | 482.50 (H) |
| TCS (720 - 1262) | 810.45 | 851.25 | 889.30 | 947.00 | 932.40 (S) |
| TECHM (575 - 1590) | 705.25 | 725.45 | 812.55 | 934.25 | 829.30 (SS) |
| TULIP (662 - 1168) | 855.40 | 843.05 | 858.45 | 940.30 | 983.85 (H) |
| WIPRO (324 - 627) | 432.10 | 415.25 | 466.35 | 496.70 | 481.10 (SS) |
(52 wk low-high in parentheses)
(numbers and short term calls - buzzingstocks (dot) com)
B=Buy, SB=Strong Buy, H=Hold, S=Sell, SS=Strong Sell
Crude hitting $135 and going up, inflation staying put at nearly 8% (revised figures WILL be higher as they always are) etc. is adding up to the woes of all sectors. Even with dollar value being high at nearly Rs. 43, it's not helping IT sector share values. As is seen above most counters are indicating Sell positions for the SHORT TERM. The markets seem destined to continue to move sideways in a band for some months. The Sensex projection at the end of fiscal 08-09, i.e. by 31 March 2009 is 19000.
Paresh
