Message Font: Serif | Sans-Serif
No. of Recommendations: 0

can you tell us why ZEE is good at this price .
i am attaching mail of infosys for your information.

Tuesday September 21, 1:34 am Eastern Time
Infosys surges on ADR gains
BOMBAY, Sept 21 (Reuters) - Shares of Indian software firm Infosys
Technologies Ltd jumped 7.6 percent to record highs on the Bombay exchange,
tracking overnight gains posted by its American Depositary Receipts (ADRs)
on the Nasdaq, dealers said.
Minutes after trading started, Infosys shares jumped 555.05 rupees to its
highest ever level of 7,615 in a volume of over 30,000 shares. The firm's
shares jumped 528 rupees to 7,583 on the National exchange.
Infosys's ADRs (Nasdaq:INFY <> - news
</n/i/infy.html>) on Monday were the third highest net gainers on the
Nasdaq, rising 13.38 percent or $15- to 131-3/8. The Nasdaq gained 16.53
points or 0.58 percent to 2,886.15, just under its record 2,887.06 hit on
September 10.
Two ADRs are equivalent to one domestic share.
At Monday's close on Nasdaq two ADRs were worth $262.75, while the domestic
share on the BSE was trading at around $175, converting the rupee price to
dollars at an exchange rate of 43.55 rupees per dollar.
Dealers said investors were returning their focus to software shares as they
were seen as a safe haven amid the political uncertainty and an imminent oil
price hike hurting the modest industrial recovery.
They said the software sector was also expected to post robust second
quarter performance for 1999/2000 (April-March). Infosys will announce its
results on October 8.
``Infosys is the sector leader and is naturally the first investment
choice,' said the chief dealer of a local brokerage.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.