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Wat do you people think of 3iInfotech.....

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  #1  
Old 28th November 2006, 09:30 PM
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Default Wat do you people think of 3iInfotech.....

I have 150 shares of 3iInfotech bought at Rs.189.Wat is the future of this scrip?
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  #2  
Old 28th November 2006, 10:10 PM
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Default Re: Wat do you people think of 3iInfotech.....

3i Infotech is a good mid cap IT stock. It has been delivering good results every quarter. It's currently trading at 11 times FY07 estimated earnings and trading 8 to 9 times FY08 estimated earnings. I am really amazed why this stock has not moved even with such valuations. One reason might be ICICI which is a major shareholder has to bring down it's holding level due to some regulations. If you are patient investor dont exit this stock.

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Holding 65 shares @ 158
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  #3  
Old 28th November 2006, 10:13 PM
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Default Re: Wat do you people think of 3iInfotech.....

Quote:
Originally Posted by miteshpopat View Post
I have 150 shares of 3iInfotech bought at Rs.189.Wat is the future of this scrip?
recomended by equitymaster, sharekhan and couple of other brokerages.
strong fundamentals, cheap valuations and good space(bfsi) to be in
can give good returns from 1 year perspective
here is what equitymaster thinks
What to expect?
--------------------------------------------------------------------------------

At the current price of Rs 188, 3i InfoTech’s stock is trading at a price to earnings multiple of 13 times its trailing 12-month earnings. 3i Infotech plans to expand its offerings and geographical presence in the future. In the insurance space, the company has made inroads into the US markets and sees significant replacement opportunity in the form of small clients (1,500 to 2,000). In the banking space, the company plans to target the emerging markets and markets where first wave of automation has already taken place.

The company has upgraded its earlier revenues guidance of Rs 6,200 to 6,400 m for FY07. But the management has also revised its earnings guidance upwards to Rs 16 to Rs 17 per share (excluding the recent acquisitions). We maintain a positive view on the stock from a long-term perspective.


disclosure - i personally hold this stock
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  #4  
Old 28th November 2006, 10:38 PM
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Default Re: Wat do you people think of 3iInfotech.....

another stocjk which is rangebound between 177 and 191.break on either side will determine the next move.stoploss shud be 170 which is the last major base and if it crosses above 193 with gud volumes reasonable tgt of 215 can be expected
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  #5  
Old 7th January 2007, 12:08 PM
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Default Re: Wat do you people think of 3iInfotech.....

The stock finally has moved from that 180 levels. Long term investors can clearly see more upside.
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