India - Politics, Industrials, IT and Large Caps, EMAlpha

Pankaj Sharma

India - Politics, Industrials, IT and Large Caps

Equity Bottom-Up

<h2>
<a href="https://www.smartkarma.com/entities/267" target="_blank" data-smartkarma-citation="entities:267:1">Infosys Ltd (INFO IN)</a> Chief Financial Officer Resigns</h2><p><a href="https://www.smartkarma.com/entities/267" target="_blank" data-smartkarma-citation="entities:267:1">Infosys Ltd (INFO IN)</a> Chief Financial Officer MD Ranganath, who has been with the company for more than 18 years has decided to quit. The announcement came on 18th August morning and it has attracted a lot of media attention and also caused anxiety among investors. It is the second CFO departure at <a href="https://www.smartkarma.com/entities/267" target="_blank" data-smartkarma-citation="entities:267:1">Infosys Ltd (INFO IN)</a> in three years and also one of the senior most exits after Salil Parekh took over as the CEO of the company. Please refer to…</p>


Infosys Ltd (INFO IN) Chief Financial Officer ResignsInfosys Ltd (INFO IN) Chief Financial Officer MD Ranganath, who has been with the company for more than 18 years has decided to quit. The announcement came on 18th August morning and it has attracted a lot of media attention and also caused anxiety among investors. It is the second CFO departure at Infosys Ltd (INFO IN) in three years and also one of the senior most exits after Salil Parekh took over as the CEO of the company. Please refer to…

Infosys Ltd (INFO IN)​: CFO's Resignation, Business as Usual or Reason to Get Worried?

<h2>
<a href="https://www.smartkarma.com/entities/20025" target="_blank" data-smartkarma-citation="entities:20025:1">Hcl Technologies (HCLT IN)</a> reported 1Q FY19 on Friday, post market hours</h2><p><a href="https://www.smartkarma.com/entities/20025" target="_blank" data-smartkarma-citation="entities:20025:1">Hcl Technologies (HCLT IN)</a> reported financial performance for 1Q FY19 on 27th July evening (<a href="https://www.bseindia.com/xml-data/corpfiling/AttachHis/fcede183-19bf-4338-a28b-741c704f5abc.pdf" target="_blank">Communication sent to Exchanges</a>). The Q1 was largely on expected lines but there are concerns on sustainability and growth of legacy business along with lower profitability on perhaps some of the larger contracts. The key things in results are:</p><ol>
<li><p>Revenue at US$ 2,055 mn; up 0.8% QoQ &amp; 9.0% YoY</p></li>
<li><p>Revenue in Constant Currency up 2.7% QoQ &amp;amp…</p></li>
</ol>


Hcl Technologies (HCLT IN) reported 1Q FY19 on Friday, post market hoursHcl Technologies (HCLT IN) reported financial performance for 1Q FY19 on 27th July evening (Communication sent to Exchanges). The Q1 was largely on expected lines but there are concerns on sustainability and growth of legacy business along with lower profitability on perhaps some of the larger contracts. The key things in results are:
Revenue at US$ 2,055 mn; up 0.8% QoQ &amp; 9.0% YoY
Revenue in Constant Currency up 2.7% QoQ &amp;amp…


HCL Technologies (HCLT IN): Non-Event Q1, Legacy Business Growth and Profitability Concerns Persist

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p>The U.S. has continued to separate itself from broad emerging market and developed international indexes. One positive is that MSCI EM and MSCI EAFE have been able to stabilize <em>from a price perspective </em>in recent weeks despite relative strength weakness vs. MSCI ACWI.<em>  </em>In today’s report we scour the globe for attractive investments, ex-U.S., in an environment where selectivity is key.  </p>

The U.S. has continued to separate itself from broad emerging market and developed international indexes. One positive is that MSCI EM and MSCI EAFE have been able to stabilize from a price perspective in recent weeks despite relative strength weakness vs. MSCI ACWI.  In today’s report we scour the globe for attractive investments, ex-U.S., in an environment where selectivity is key.  

Global Equity Strategy: Where to Hide Outside the U.S.

<h2>
<a href="https://www.smartkarma.com/entities/15360" target="_blank" data-smartkarma-citation="entities:15360:1">Wipro Ltd (WPRO IN)</a> reported 1Q FY19 on Friday, post market hours</h2><p><a href="https://www.smartkarma.com/entities/15360" target="_blank" data-smartkarma-citation="entities:15360:1">Wipro Ltd (WPRO IN)</a> reported its financial performance for 1Q FY19 on 20th July evening (<a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/d9b14802-67bc-429f-a03b-91f6a9a04576.pdf" target="_blank">Communication sent to Exchanges</a>). The numbers were somewhat better than expected from <a href="https://www.smartkarma.com/entities/15360" target="_blank" data-smartkarma-citation="entities:15360:1">Wipro Ltd (WPRO IN)</a> which has become almost a regular underperformer of Indian IT industry large cap space on operating and financial performance. As such this performance should be seen more in the context of lower investor expectations than any significant…</p>


Wipro Ltd (WPRO IN) reported 1Q FY19 on Friday, post market hoursWipro Ltd (WPRO IN) reported its financial performance for 1Q FY19 on 20th July evening (Communication sent to Exchanges). The numbers were somewhat better than expected from Wipro Ltd (WPRO IN) which has become almost a regular underperformer of Indian IT industry large cap space on operating and financial performance. As such this performance should be seen more in the context of lower investor expectations than any significant…

Wipro Ltd (WPRO IN): Better 1Q but that May Not Help the Stock and Three Key Messages for Indian IT

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<a href="https://www.smartkarma.com/entities/2499" target="_blank" data-smartkarma-citation="entities:2499:1">Larsen &amp; Toubro Ltd (LT IN)</a> will report 1Q FY19 results on 25th July</h2><p><a href="https://www.smartkarma.com/entities/2499" target="_blank" data-smartkarma-citation="entities:2499:1">Larsen &amp; Toubro Ltd (LT IN)</a> will reports first quarter results next Wednesday (<a href="https://www.bseindia.com/corporates/anndet_new.aspx?newsid=10d6b4f4-9efe-431f-a84d-8fda4ff39af4" target="_blank">Information Sent to Exchanges</a>). The stock has been weak for last couple of days and today, it corrected 2.6% vs. a flat BSE SENSEX. The trading volumes were also on the higher side and the correction was more pronounced in the second half. <a href="https://www.smartkarma.com/entities/2499" target="_blank" data-smartkarma-citation="entities:2499:1">Larsen &amp; Toubro Ltd (LT IN)</a> has also not been doing well over previous month during which it underperformed the…</p>


Larsen &amp; Toubro Ltd (LT IN) will report 1Q FY19 results on 25th JulyLarsen &amp; Toubro Ltd (LT IN) will reports first quarter results next Wednesday (Information Sent to Exchanges). The stock has been weak for last couple of days and today, it corrected 2.6% vs. a flat BSE SENSEX. The trading volumes were also on the higher side and the correction was more pronounced in the second half. Larsen &amp; Toubro Ltd (LT IN) has also not been doing well over previous month during which it underperformed the…

Larsen & Toubro (LT IN): Pre Earnings Blues for the Stock

India

Infosys Limited provides IT consulting and software services, including e-business, program management and supply chain solutions. The Group's services include application development, product co-development, and system implementation and system engineering. Infosys targets businesses specializing in the insurance, banking, telecommunication and manufacturing sectors.

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Infosys Ltd Sp Adr (INFY US)

Infosys Ltd (INFO IN): CFO's Resignation, Business as Usual or Reason to Get Worried?

Infosys Ltd (INFO IN) Chief Financial Officer ResignsInfosys Ltd (INFO IN) Chief Financial Officer MD Ranganath, who has been with the company for...

Pankaj Sharma

HCL Technologies (HCLT IN): Non-Event Q1, Legacy Business Growth and Profitability Concerns Persist

Hcl Technologies (HCLT IN) reported 1Q FY19 on Friday, post market hoursHcl Technologies (HCLT IN) reported financial performance for 1Q FY19 on...

Pankaj Sharma

Global Equity Strategy: Where to Hide Outside the U.S.

The U.S. has continued to separate itself from broad emerging market and developed international indexes. One positive is that MSCI EM and MSCI...

Vermilion Research

Wipro Ltd (WPRO IN): Better 1Q but that May Not Help the Stock and Three Key Messages for Indian IT

Wipro Ltd (WPRO IN) reported 1Q FY19 on Friday, post market hoursWipro Ltd (WPRO IN) reported its financial performance for 1Q FY19 on 20th July...

Pankaj Sharma

Larsen & Toubro (LT IN): Pre Earnings Blues for the Stock

Larsen & Toubro Ltd (LT IN) will report 1Q FY19 results on 25th JulyLarsen & Toubro Ltd (LT IN) will reports first quarter results next...

Pankaj Sharma

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Infosys Ltd (INFO IN)​: CFO's Resignation, Business as Usual or Reason to Get Worried?

Infosys Ltd (INFO IN) Chief Financial Officer ResignsInfosys Ltd (INFO IN) Chief Financial Officer MD Ranganath, who has been with the company for...

Pankaj Sharma

HCL Technologies (HCLT IN): Non-Event Q1, Legacy Business Growth and Profitability Concerns Persist

Hcl Technologies (HCLT IN) reported 1Q FY19 on Friday, post market hoursHcl Technologies (HCLT IN) reported financial performance for 1Q FY19 on...

Pankaj Sharma

Global Equity Strategy: Where to Hide Outside the U.S.

The U.S. has continued to separate itself from broad emerging market and developed international indexes. One positive is that MSCI EM and MSCI...

Vermilion Research

Wipro Ltd (WPRO IN): Better 1Q but that May Not Help the Stock and Three Key Messages for Indian IT

Wipro Ltd (WPRO IN) reported 1Q FY19 on Friday, post market hoursWipro Ltd (WPRO IN) reported its financial performance for 1Q FY19 on 20th July...

Pankaj Sharma

Larsen & Toubro (LT IN): Pre Earnings Blues for the Stock

Larsen & Toubro Ltd (LT IN) will report 1Q FY19 results on 25th JulyLarsen & Toubro Ltd (LT IN) will reports first quarter results next...

Pankaj Sharma

Infosys Ltd (INFO IN): CFO's Resignation, Business as Usual or Reason to Get Worried?