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hi

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 <http://finance.yahoo.com/q?s=infy&d=t> - 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.
abhay
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