Seeking Alpha

Indian Stocks Have Banner Week 3 comments

by: Himanshu Pandya October 28, 2007 | about: HDB / IBN / IFN / IIF / INP / SLT / VSL    
About this author:

BSE Sensex roared back this past week by gaining almost 10% week-over-week. The previous week’s 5% drop didn’t really mean anything as the Indian market is showing no signs of slowing down.

Just look at some of the gains this week.

  • Videsh Sanchar (VSL) up 28%
  • HDFC Bank (HDB) up 19%
  • Sterlite (SLT) up 20%
  • ICICI Bank (IBN) up 21%
  • INP, IIF and IFN all up around 12%

click to enlarge

* Dividends not included

Indian Stocks Weekly and YTD Price gains - Week ending Oct. 26, 2007:

Related Articles
Print this article with comments

This article has 3 comments:

  •  
    IMO, the best way to invest in India for an US investor is through IFN. Not only that it is trading at a 12% discount, it has a decent dividend yield. IFN also buys back 5% of its outstanding shared on a semi annual basis right at the NAV. Which is a definite bargain when the fund is trading at a discount.

    I am invested in IFN. Since I did not trust the NAV calculations of CEF, I painstakingly constructed a Yahoo Finance portfolio of all IFN holdings. The strength of the mix is amazing and the fund managers are doing a spectacular job. For example today, when the BSE is down 1%, IFN's NAV increased by 0.4%. Currently the total holding's value is tantalizingly close to 3Billion!
    2007 Oct 30 09:51 AM | Link | Reply
  •  
    IMO, the best way to invest in India for an US investor is through IFN. Not only that it is trading at a 12% discount, it has a decent dividend yield. IFN also buys back 5% of its outstanding shared on a semi annual basis right at the NAV. Which is a definite bargain when the fund is trading at a discount.

    I am invested in IFN. Since I did not trust the NAV calculations of CEF, I painstakingly constructed a Yahoo Finance portfolio of all IFN holdings. The strength of the mix is amazing and the fund managers are doing a spectacular job. For example today, when the BSE is down 1%, IFN's NAV increased by 0.4%. Currently the total holding's value is tantalizingly close to 3Billion!
    2007 Oct 30 10:06 AM | Link | Reply
  •  
    The IFN Portfolio :

    finance.yahoo.com/p;_ylt=Aqb2Xk7nwXeCJRN5...
    2007 Nov 05 07:54 AM | Link | Reply
Related Themes:
  1. India Autos
  2. India Banking
  3. India Internet
  4. India Outsourcing (3 in last week)
  5. IT Services & Outsourcing (4 in last week)
More by Himanshu Pandya
Other articles by Himanshu Pandya »
Find People on SA