Yes. the results are good. I was listening to the concall. Mr. Arvind Thakore appeared to be cautiosly positive about the future outlook. That means that the co. will atleast maintain Rs6.5/- per share Dividend. Appears to be a strong and safe buy in IT sector. Safe because, Re appreciation will not hurt the company adversely as the company has taken huge Forex cover.
The dip in results happened in June is history...For 6 months the EPS is 8.5+ and for the entire year it will do atleast 18 and not less than 21 for FY 11. At 130, current year earnings of 18 its trading quite cheap at 7.22 PE. Should be atleast at 12 PE if not more. Lookout for the stock getting into buying interest in the next few days.
| NIFTY 
