Whats happening in the Indian stock market this time is VERY different from the last run up in many ways. This is a TIME-TESTED healthy market bull run that has weathered the financial crisis tsunami created by US/Europe. Lot of smart people had been burned in that and now they are pumping real long term money into India. India buying 200 metric tons of Gold is showing genuine strength of our economy. This rally in Indian market is going to establish new support line for many stocks and our indices that would be hard to break. For I-Flex I see 2080 as a very strong bottom line protection. Upside to 3000 is very likely by March qtr results. Really a great company to own in this market. BFSI segment is going to explode in 1-2 years with so many regulations being imposed all over the world and age old legacy systems without close-loop monitoring have proven to be FAILURE. There is pressure from the board to get sophisticated software systems in place to survive, compete intelligently and succeed. STRONG BUY!!!

I fully agree with your view on OFSS, however where did Europe come in regarding the Credit Crisis cause?
Subprime and the system banks were entirely US based

3000 will be reached much before the march date u mention. will not be surprised to see than target getting reached in the next 6-8 weeks.Apart from fundamental factors, lot of technical factors in favour of this stock - very few stocks in the market today with this combination of strong fundamentals and technicals.
regards
Conficus

Enam research report puts 2011 EPS at Rs 137, TP is Rs 3160. Strong Buy indeed.

Dear Seriospro,

The above generic story has been told by many analyst. Where were you when i-flex was 400+ & so may folks were asking for you?

Crisis was rooted in the US with asset bubble bursting but GREEDy banks/FIs that created this crisis were mainly from US/Europe. These are the culprits.

US Investment Banks
======================
Goldman Sachs
Morgan Stanley
Merrill Lynch
Lehman Brothers

US Retail Banks
======================
Citigroup
Wachovia Bank
Washington Mutual
Bank of America
Wells Fargo - not so much though

European Banks
======================
UBS
Credit Suisse
Deutsche Bank
Royal Bank of Scotland
HBOS
ING
Fortis (FORB-BT)
Northern Rock

Mortgage Lenders
======================
Fannie Mae
Freddie Mac

======================

Not greedy EU banks, US legislation forced them to buy 51% of the total savings they had in the US markets into mortgage products,the only way to apply was buy securitizated packages of mortgages, "developed / designed" buy bull shit so called wize guys on Wall Street, where the risk management and analisys on these products was done by again US rating agencies, which were controlled by the SEC and FED, meaning Wall Street families and the US Governement my friend....