However, Seymour does have some India based companies worth putting on your radar in the event of a pullback. They are Tata Motors (TTM), ICICI Bank (IBN), Infosys Technologies (INFY) and Dr. Reddy’s Laboratories (RDY).

fundamentals and sector and execution

good IT company

Outperform - Price 26.69 on Nov. 11
by William Blair & Co.

We estimate that INFY will generate fiscal '09 revenue of $4.75 billion and earnings per [American depositary share] of $2.21. Market cap: $15 billion.

Great management,long term competitive advantages

They seem to be HOT!!! Infy is probably growing at a higher rate than any other BPO

Outperform - Price 41.28 on Sept. 2
by Pacific Crest

Infosys recently announced its intention to acquire Axon Group (AXO.UK)...an all-cash proposal valued at £407.1 million ($753.1 million at GBP/USD exchange rate of £1 = $1.85), at £6 per share; completion expected in November 2008. The deal (1) would strengthen Infosys' SAP practice; (2) [will give INFY greater exposure to Europe. INFY and AXO have complementary industry strengths that should provide cross-selling opportunities for revenue growth. [It] would be neutral to earnings in F2009 and '10, assuming zero synergies...[The] operating margin of the acquired business [must be improved] from its current 14.4%. Market cap: $23.5 billion.

The upgrade suggests to me that global growth remains robust, says Tim Seymour. In EM I especially like tech names such as Taiwan Semiconductor (TSM) and Infosys (INFY).

growth

Consistent growth

too hard to predict/loss

Excellent Stock to have