X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian ADRs shines - Views on News from Equitymaster
 
 
  • PRINT
  • E-MAIL
  • FEEDBACK
  • A  A  A
  • Jan 15, 2001

    Indian ADRs shines

    The NASDAQ gained more than 9% last week on the back of strong buying interest in technology stocks. The gain was despite the fact that earnings warnings issued by major companies, which included Cisco, Yahoo, Nokia, Hewlett Packard and Gateway. Even the negative news on the front of economy (rise in unemployment numbers) failed to cause weakness in the markets. The rally in the markets was largely led by investor perception that negative news was already factored in the markets.

    Comparative performance
    (Price in $) 1-Jun-01 13-Jun-01 Change
    Infosys 94.8 101.0 6.6%
    Satyam Infoway 4.0 5.6 39.1%
    Rediff 2.9 3.1 4.2%
    Silverline 10.4 9.9 -5.4%
    VSNL 13.6 13.7 0.5%
    ICICI Bank 6.9 6.6 -5.4%
    ICICI 11.6 11.8 1.1%
    Wipro 56.1 55.4 -1.3%

    Indian ADRs in general witnessed selective buying interest. Sify was the major gainer with large volumes. The stock is trading at a premium of more than 20% compared to its issue price. Sify.com has earned revenues of $1.3 m from advertisements last year and ad revenues of $2 m is expected as the break even point for the portal. The turnover growth of the company will be fueled by new revenue streams like ISP, network of Satyam iWay cyber cafes and through acquisitions & tie-ups with other portals. The improving future scenario coupled with strong quarterly performance of its parent, Satyam Computers, attracted buying interest in the stock, which gained 39% over a week.

    Infosys, which was downgraded by another key foreign broking house, gained more than 6% on its better quarterly performance. The company has recorded a growth of 125% in profits and 137% in revenues. Although Infosys has written off its investments in one of the dot comp company, future risk to revenue growth is minimum as dot.com companies accounted for a marginal 5.8% (9.5% in 2QFY01) to total revenues in 3QFY01. With a diversified focus area the company is expected to maintain its performance for the year ended March 2001. The ADR is currently trading at a premium of more than 60% compared to its domestic price.

    Silverline, ICICI Bank and Wipro lost ground on selling pressure. Silverline and ICICI Bank are trading at a premium of around 2% compared to its domestic price.

    Click here for detailed Adr table

     

     

    Equitymaster requests your view! Post a comment on "Indian ADRs shines". Click here!

      
     

    More Views on News

    Tejas Networks Ltd. (IPO)

    Jun 14, 2017

    Should you subscribe to the IPO of Tejas Networks Ltd?

    Discover the Secrets of Hidden Smallcaps From These AGMs (The 5 Minute Wrapup)

    May 26, 2017

    Don't be surprised to come across some Super Investors there!

    A Trader's Nightmare. A Business Owner's Delight. (The 5 Minute Wrapup)

    May 19, 2017

    Not all small-cap investors see themselves as traders. Some see themselves as business owners.

    Securities & Intelligence Services Ltd. (IPO)

    Jul 31, 2017

    Should you subscribe to the IPO of Securities & Intelligence Services Ltd?

    Why Super Investors are Underperforming in This Market (The 5 Minute Wrapup)

    Jul 8, 2017

    If Super Investors can wait for the right pitch, so can you.

    More Views on News

    Most Popular

    Demonetisation Barely Made Any Difference to Tax Collections(Vivek Kaul's Diary)

    Aug 7, 2017

    The data tells us quite a different story from the one the government is trying to project.

    A 'Backdoor' to Multibaggers: It's Like Investing in Asian Paints Ten Years Ago(The 5 Minute Wrapup)

    Aug 10, 2017

    Don't miss these proxy bets on growing companies or in a few years you will be looking back with regret.

    Should You Invest In Bharat-22 ETF? Know Here...(Outside View)

    Aug 8, 2017

    Bharat-22 is one of the most diverse ETFs offered so far by the Government. Know here if you should invest...

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    7 Financial Gifts For Your Sister This Raksha Bandhan(Outside View)

    Aug 7, 2017

    Raksha Bandhan signifies the brother-sister bond. Here are 7 thoughtful financial gifts for sisters...

    More
    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
     

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms

    COMPARE COMPANY

    MARKET STATS