Investment guru Marc Faber

Stock Tips: Infosys

I think you can buy Infosys at the current levels (CMP Rs 1929) for a target of Rs 2250-2350. This stock is a good investment option at the current price.

Mastek

Mastek was up almost 25% on the news of board approving the buyback of shares from the open market. The maximum buyback price would be Rs 750. Currently the share is trading at Rs 380. I had given this tip when the share was trading at Rs 291. More than 30% profit in 15 days for those who had invested in this stock.

Sharekhan Recommendations

Sharekhan has given buy ratings on the following stocks

SBI with a target of Rs 2282. CMP is Rs 1944
Sun Pharma with a target rating of Rs 1287. CMP is Rs 969

Idea Cellular

I had given recommendation for Idea cellular when it was trading at Rs129. The CMP of this stock is Rs 143. Today Rajesh Jain of SMC Global securities and Mehraboon Irani of Darashaw & Company have given a target of Rs 155-160. The general advice is to remain invested in this stock from a long term perspective.

Bad day for IT

Infosys results for this quarter have generally disappointed the markets resulting in a bad day for IT stocks in general. Infosys crashed by almost 7% today and closed at Rs 1976. Satyam lost about 8.5 % today and closed at Rs 448. All the sectors were up today except for IT. The major factor contributing towards this downfall is obviously the rising rupee. In this calendar year rupee has appreciated by almost 11%. Considering that you can imagine the kind of impact it will have on the IT Company’s financial numbers. Infosys alone has lost almost Rs 2000 cr because of this appreciation.

Infosys

Some market experts have given a target of Rs 2300 for Infosys. What becomes of this stock in the short term will become clear tomorrow when Infosys comes out with its quarterly results. Technology sector is looking quite positive in general, more so becase almost all of them had hit their 52 week lows. I personally like Satyam quite a lot. It has risen quite smartly from almost Rs 300 levels a few days back to Rs 370 today. BTW, I had given a tip for Satyam ... :-)