Option Update: Indian technology companies rally on tax holiday extension

Posted Jun 4th 2008 10:31AM by Paul Foster
Filed under: Analyst reports, India, Options

Infosys (NASDAQ: INFY), an Indian computer services provider, closed at $46.77 Tuesday.

Stifel Nicolaus says: "Raising estimates due to tax holiday extension; maintain Hold."

INFY overall option implied volatility of 42 is near its 26-week average according to Track Data, suggesting non-directional risk.

Satyam Computer Services (NYSE: SAY), an technology solution provider based in India, closed at $27.21 Tuesday.

Stifel Nicolaus says: "We are raising our CY09 EPS estimates for SAY to reflect recent passage of a 1-year tax holiday extension."

SAY overall option implied volatility of 48 is below its 26-week average of 52, suggesting decreasing price fluctuations.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Tags: Infosys, infy, option implied volatility, OptionImpliedVolatility, Satyam Computer Services, SatyamComputerServices, say

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