BPO/Kpo : In India, Business Process Outsourcing (BPO) is the fastest growing segment of the ITES (Information Technology Enabled Services) industry. The National Association of Software and Service Companies (NASSCOM) has predicted that India will acquire a 70% share in the growing KPO Industry. According to ASSOCHAM, Indian KPO market has been growing at a compounded annual growth rate of approximately 30% and is expected to touch $30 billion by 2015.
E-Clerx : Cmp: 1290: Wonderful company from this segment. High growth, High , Margin and High R-O-E are best things of this company. Able to grow from 100 cr Revenue to 1000 cr during last 10 years. So should be in the list of wealth creators. Current growth is muted as revenue and Profit are down by 2% & 16% respectively. Many people in this group are holding this company since last 3 years at 600. Still no need to worry and should take benefit of current downfall. Buying need to be done near 900 and can hold for long term wealth. Fii-Fidelity added 50000 shares in Jan at 1400.
⅔ Wheelers :
Atul Auto : Cmp: 422 : A very good company from 3 wheeler auto segment. A debt free company with high growth and high r-o-e. Current Year revenue growth is 20% & Net Profit Growth is 24%. Many people in this group are already holding this wealth creator stock since 65 and many are accumulating it since last 2 years near 400. So do SIP and accumulation can be done in the whole range of 427 to 324 with 2-3 years target of 754 and yes we may see multi year rally in this stock. Hdfc Mutual fund just added again 4.5 lakh shares last month at 450. We are even buying at lower price then them.
IT consulting & Software companies:
LTI : cmp : 1684 : A company which could out -perform the whole sector. Current growth this year of It Consulting companies is Good. Current Year results of LTI were good comparatively. Revenues are growing by 12% and Net Profit are growing by 15% as expected. Almost debt free. Buying have been done by many people near 720 and can be kept for next 10 years to create wealth. Our this year target was 1742 and it rallied exactly till 1750. 10% profit should be booked here and remaining can hold for long term wealth. New buying again can be done near 1300.
Disclosure : Do Not buy or sell before consulting your advisory as writer may have position in above stocks.
