Third Quarter's result kicks off by INFOSYS ( INFY) and market got a
trigger to move northward. All Analysis were beaten and result was far
far better then expected. Guideline given were also encouraging. And
all market pundits are rerating INFY. Price target of 4000 and more are
fixed. In last two days the shares has
risen as a torch bearer. Normally third Quarter always remain dull but
the recovery in US has given lease of life to IT companies of India.
Traditionally forth Quarter always gives better result. Thus the target
appears easily achievable. Remember this is not a kind of bubble of
2000. In my opinion at Annual result in May 2014 INFY will come out with
large dividend and with Bonus Issue or ordinary shares. At present Infy
is traded at life-time high. Today also it reached to life time high
after yesterday's high. Tomorrow it may enter in range of 3700. In my
view , this speedy increase in price of INFY is due to FII purchase.
TCS is in queue to declare its result in coming days. After INFY TCS
will give better ( expected ) result. Re-rating is already started and
It is also scaling new hight. Though it drop today due to profit taking.
In my opinon again TCS is also strong bonus candidate. If TCS will get
the same flair as INFY got then market will be charged again and Sensex
and NIFTY will reach to new height.
Some analysts predict
NIFTY to reach 6900 and some has predicted it beyond 7000 in a year
time. It shows that there is no bumper ahead of market now. It can have
slow ride in election time.But whether BJP or Congress come to power ,
market will not stop as both parties are very positive to give better
environment to business sector. If any one of my friends want to park
their money , better place is Equity Market. But use one's sense. Do
enough indulgence before investing. Risk and Reward are the main
balancing factor for any market. Be agile and use one's brain before
investing. Do not afraid friend - ME HU NA.
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