|Rakesh Jhunjhunwala holds Position in Geometric Ltd (Rs.75.15) & Aptech Ltd (Rs.57.10)|
Presidential Elections: Support Dr.Meira Kumar
Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.
Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.
Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.
Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.
Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.
All the best to Dr.Meira Kumar.....👍✌
Sunday, September 01, 2013
Why top-4 global brokerages are turning positive on Indian IT sector
According to analysts, IT stocks will keep on rallying despite negative headwinds related to US Immigration Bill, but weak rupee and smart recovery seen in the global economy, especially in the US, is likely to infuse more interest in IT stocks.
The BSE IT index has rallied a little over 5 per cent so far in August as compared to nearly 7 per cent fall in the S&P BSE Sensex, as of data collected on August 28.
The Indian currency has plunged a little over 13 per cent in August. This favours export-oriented firms with zero or relatively low foreign debt.
TCS and HCL Technologies are also on brokerage firm's top 'buy' list. Jefferies has upgraded their target prices to Rs 2215 and Rs 1260, respectively. The increased target price on TCS and HCL Technologies translates into an upside of 16.29 per cent and 28.8 per cent from Wednesday's closing price.
Although US Immigration reform is delayed but still poses significant risk as most Indian IT companies generate revenues from the US markets.
BofA-ML raises target price on IT stocks on demand uptrend, rupee weakness. "US Immigration reform is delayed but not dead but still poses a key risk to the sector," added the report.
The brokerage firm has a 'BUY' rating on Tata Consultancy Services but has upgraded its target price from Rs 2100 from Rs 1860 earlier. Infosys and HCL Technologies are also on the top 'buy' list with increased target price of Rs 3500 and Rs 1100, respectively.
According to analysts, companies which generate revenues from the US and European markets, which are showing signs of economic recovery, tend to protect investors when there is a slowdown in local core sectors and a sharp depreciation of the rupee.
The measures taken by the government to rein in the rupee has met little success so far. The deteriorating macro economic situation provides good investment opportunity in the IT sector.
"On the contrary the more mess-up the policymakers make on the macro front, it benefits IT companies and makes them more attractive. So, it is actually very ironical," said Vijai Mantri, MD & CEO, Pramerica Mutual Fund in an interview with ET Now.