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India's stock market has jumped 19% so far this year, and its economy is forecast to rank in the...

Monday, October 25, 2010, 3:55 PM ET
India's stock market has jumped 19% so far this year, and its economy is forecast to rank in the top three of the world's largest economies by 2040. One analyst's top three stock picks among Indian firms: Dr. Reddy's Laboratories (RDY +1.6%), ICICI Bank (IBN +0.7%) and Infosys (INFY -0.7%).

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This news story has 2 comments:

nobby73 Comments (1177)

All three are very interesting companies, but they are extremely expensive at these levels. I was looking at Dr Reddy's last year, but missed the boat and it rocketed so fast, it never had the pullback I was looking for.

The biggest issue with Indian equities is inflation, especially wage inflation, which has squeezed margins, most notably at Infosys. The impact of inflation on Indian equities is a good case study for all those idiots buying US equities because they think inflation will be good for stocks...

25 Oct 2010, 04:07 PM Reply Like

nightfly Comments (1018)

But just like housing, prices never really go down no?

Once you got a break out, it'll never retrace so chasing on margin is a guaranteed win!

25 Oct 2010, 04:13 PM Reply Like

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