STOCK BUZZ

India's second-largest lender and largest private lender, ICICI Bank, has posted a Rs 1,272.18 crore net profit for the quarter ended December 31, 2008, as compared to Rs 1,230 crore in the year-ago period, showing a rise of 3.41%. The total income of the bank during the quarter grew to Rs 10,351 crore against Rs 10,338 crore in the same period of 2007-08.

Trading in the securities of Indian IT company, Satyam Computer may resume on Monday, if the New York Stock Exchange finds its assessment of the company satisfactory but the exchange has warned that it may also suspend the shares if dealings were not advisable. "Trading on NYSE may resume on Monday, January 12, 2009, as NYSE continues its assessment. The NYSE notes that it may, at any time, suspend a security if it believes continued dealings in the security are not advisable," the stock exchange said. In a statement issued here, NYSE said it had continued with the trading halt of the American Depositary Shares (ADSs) of Satyam Computer that had been in place since January 7. NYSE is reviewing the company's suitability for continued listing in light of all relevant circumstances and news including recent filings made by the company with the US market regulator Securities and Exchange Commission, it added. Earlier on January 8, Satyam Computer had submitted 6-K filing to t...

The global economy has been going through a phase of slowdown. Reigning high crude prices, escalating costs and fears of recession have cast a cloud of uncertainty over the IT spends of clients. Given such a backdrop we advise investors to shift their portfolio to large cap IT stocks. Buy Infosys: 1600, 1650, 1675. SL 1400. Wipro: 400, 420, 450. SL 300

The Market in past few weeks has been swinging between Bull and Bear territory, although Bears have ruled the market place for some time now. The analysts at stockpm had very intense teleconference today regarding the markets and world economy as a whole. It was concluded from the meeting that there is no new good news in the market. With failures of Banks on the Wall street, failure of Mortgage companies in US, political instability in India and with double digit inflation its pretty difficult to find a sector that will outperform at the Dalal street. However, even in these dark times, analysts here have a found silver lining. From the conference today, it was concluded that information technology (IT) sector will be the first one recover and real estate markets will be the last one to recover. Hence, Today's long term buy is Tata Consultancy at 780, 790, 810. Sl 710. Hold until Nov or Dec. A fall in Indian rupee and increase in outsourcing in US will push this stock higher.

June 16th If market runs positive for 2 days then Bull run will start again . Quick profit making tip for June 16th Buy TCS >910.1, 927,945 Stop Loss 903

Outperforming its own guidance, IT major Satyam Computer Services Ltd has posted a 46 per cent increase in revenue to touch Rs 8,473.49 cr in 2007-08 and a net profit of Rs 1,687.89 crore, registering an year-on-year growth of 39.7 per cent. The slowdown in American economy has prompted the country's fourth largest software company to project a reduced growth rate of 24 to 26 percent for the current fiscal even as it geared up for reducing dependence on US markets and exploring opportunities in European and Asia-Pacific regions. The net profit for the quarter ended March 31 stood at Rs 466.85 cr, up by 18.6 per cent over the corresponding period last year, while the total income touched Rs 2,416.02 cr, reflecting a 35.8 percent growth over the same period last fiscal. Announcing the results after the company's board meeting here, its Chairman B Ramalinga Raju said despite a 11 percent drop in US Dollar value, the company posted a healthy growth rate. At present, the American m...

Tata Consultancy Services on Monday announced a consolidated net profit of Rs 5026.02 crore for the year ended March 31, 2008, an increase of 19.3 per cent as compared to the corresponding period a year-ago. The firm had a consolidated net profit of Rs 4212.63 crore in the year-ago period, it said in a filing to the Bombay Stock Exchange. The total income of the group stood at Rs 23349.45 crore for the year ended March 31, 2008, compared to Rs 18914.26 crore for the corresponding period a last year. TCS posted a standalone net profit of Rs 4508.76 crore for the year ended March 31, 2008, a rise of 20 per cent as compared to the year-ago period. The firm had posted a standalone net profit of Rs 3757.29 crore in the corresponding period a year ago. The total income for the year ended March 31, 2008 rose to Rs 18979.67 crore as compared to Rs 15156.52 crore in the same period a year ago. The company's Board of Directors has recommended a final dividend of Rs 5 per share of face value ...

Buy for March 31st Infosys Tech ( 1520, 1518, 1550, 1555 SL 1500 ) Hold for delivery with 3 months target of 1700 /-

New Delhi (PTI): The country's largest software exporter Tata Consultancy Services on Tuesday said it has set up a software development and delivery center in North America with a capacity of 1,000 seats to cater to the customers there. The center located in Milford, Ohio, a suburb of Cincinnati, can accommodate up to 1,000 associates, TCS said in a statement. "Most of them will be locally hired from the region and its universities," the statement added. "The Cincinnati campus is a strategic investment to create an information technology eco-system in the state together with our customers and local universities. It reflects our long-term commitment to customers in one of our key markets globally," TCS Chief Executive Officer and Managing Director S Ramadorai said. The company has selected Cincinnati and the Ohio region as it met all its criteria in terms of proximity to customers, strong talent pool, and a significant economic base that includes 10 Fortune 500 C...

Market Outlook : ONGC did not reach the entry price. ICICI bank gave a profit of Rs 24. As suggested Reliance Power dipped below its issue price. No body in his wildest dream would have had thought of Rpower cosing at 370/- on the day of listing. Buy Satyam Computer >425.1,440,450 sl 420

Buy for Feb 6th 2008 Buy GMR Infra >188.1,192, 199 Stop Loss 185.9 Buy Polaris Software >92.5,94.5,99 Stop Loss 88.84.

Today Market will be really good. Good day for Intraday and long term trader. Buy for Feb 5th 2008 ( Power Grid Corporation, TCS )

Market Recap : Dena bank gave a profit of Rs 3.4/-, ICICI bank gave a profit of Rs 28/ Buy for Jan 30th ( Infosys ) Infosys : 1501.1,1509,1518,1543 Stop Loss 1492 And here is the rest of it.

Recap : Buy for Jan 17th ( Infosys ) Bank of India gave a profit of Rs 22.8/- Buy Infosys >1521.1,1543,1554 Stop Loss 1517.9

Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS), a leading IT services, business solutions and outsourcing firm, announced that it had won a four year contract valued at over US$200 million with the Social Security Institute of Mexico (IMSS). With over 370,000 employees and providing coverage to over 50 million Mexican citizens, IMSS is the largest organization of its kind in Latin America. TCS won this engagement following a public bid process and a rigorous assessment based on technology and financial parameters over three other leading global and local technology companies. In its role as the strategic IT services partner for IMSS, TCS will provide end to end IT services including application maintenance and support, custom software development, business analysis services, management of strategic IT programs and value added initiatives for the organization’s affiliates. Earlier this year TCS had expanded its operations in Mexico by launching a global delivery center in t...

This is kind of worst nightmare of Infosys stock holders but one may able to accumulate the blue chip at throw away price between a range which may extend between 1670-1400. The scrip of Infosys has given negative returns close to 11% on year to year basis. However it is a blue chip which can be accumulated for long term gains. Appreciating Rupee rate has really taken toll on company.

According to sources, Tata Sons has sold its 1% stake in TCS via a block deal today. The 1% TCS stake has been sold to various funds, DSP ML being the sole book runner, sources added. CNBC-TV18 Disclaimer This information is source-based and has not been provided to the stock exchanges..

NIIT , Asia’s largest trainer and leading Global Talent Development Corporation and Adobe Systems Incorporated have entered into a global alliance to create talent pool for Design, Web, Mobile and Interactive Media. . Through this strategic partnership, NIIT will offer training programs on Adobe’s software tools and technologies used in business, entertainment and personal communication, across its network of 32 countries. Global leader, Adobe will provide access to its software tools and technologies in the emerging creative space, and enable the large software developer community and creative professionals to skill themselves for the Media, rich interactive Web 2.0, and Animation & Gaming industries. Adobe and NIIT will also jointly set up showcase centres in key Indian metro cities. NIIT will also offer the training programs in emerging markets such as China and Vietnam , in addition to 30 other countries in its global network. Speaking at a press conference in the capit...

NIIT Tech has announced its second quarter results. Here are the key concall takeaways: Order intake in qtr at USD 49 mn in the qtr, total order book at USD 101 mn Second half seen better than first half Challenges in BPO and ROOM biz Lower revenues in ROOM impacted IT services revenues Expect 800-850 people in the year, 150-200 BPO, higher growth in head count in second half Exchange rate 40.8 US rev contribution 31%, Europe 51% 45% BFSI, 24% Retail Volume inc 1% QoQ Operating Margins at 19% Top 5: 35% revenues contribution Top 10: 37% Forex gain of Rs 42 million Core IT solutions business(excluding revenues from BPO and the newly integrated ROOM solutions) contributed Rs.191.2 crore to the consolidated revenues. BPO business contributed Rs. 12.1 crore ROOM Solutions contributed Rs.26.6 crore to the total pie. IT solutions business grew 3.6% QoQ. Added 6 new customers including excellent scalable accounts in the Travel &Transportation In all, 235 people were a...

H1 Revenues at Rs 10,843 cr ($2.7b) up 25.3% Y-o-Y H1 Net Profit at Rs 2,455 cr ($ 610m) up 29% Y-o-Y Q2 Revenues at Rs 5,640 cr ($ 1.42b); up 25.4% Y-o-Y Q-o-Q Revenues: Up 8.4% in Re terms; up 10.8% in $ terms Q2 Net Profit at Rs 1,252 cr ($ 314m) up 22.8% Y-on-Y Q-o-Q Net Profits: Up 4.1% in Re terms; up 6.3% in $ terms Full Services Play: Over 50% of Q2 revenues from new services First India-based IT firm to cross landmark of 100,000 employees