November 01, 2004
S&P's research arm says 'accumulate' for Infosys, Wipro, Satyam
India's Outsourcers Gain Traction (BusinessWeek)
On a year-to-date basis, American depository receipts (ADRs) of Indian info-tech outsourcing leaders Infosys Technologies (INFY; recent price: $67) and Wipro (WIT; $21) have risen 43% and 35%, respectively, while those of Satyam Computer Services (SAY; $26) have leveled off slightly after hitting a high in early 2004. We at Standard & Poor's have accumulate (4 STARS) recommendations on the shares of these companies based on several factors.
That's a solid recommendation!
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