ibn posts
FeedPosted May 14th 2009 8:00AM by Paul Foster (RSS feed)
Filed under: India, Options
ICICI Bank (NYSE: IBN), India's second largest bank, closed at $20.99. India is currently holding general elections -- the largest democratic election in the world -- to the 15th Lok Sabha. The results will be announced on May 16, 2009. IBN June option implied volatility of 85 is below its 26-week average of 95, according to Track Data, suggesting decreasing price movement.
Infosys (NASDAQ: INFY), a technology services firm based in India, closed at $30.36. INFY June option implied volatility is at 47, July is at 50; below its 26-week average of 61, according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
Posted Apr 1st 2009 9:00AM by Paul Foster (RSS feed)
Filed under: India, Options
ICICI Bank (NYSE: IBN) India's second largest bank IBN, closed at $13.29. India will hold general elections to the 15th Lok Sabha in 5 phases on April 16, April 22, April 23, April 30, May 7 and May 13, 2009. The results of the election will be announced in single phase on May 16, 2009. IBN May call option implied volatility is at 118, puts are at 94. IBN average option implied volatility over the last 26-weeks is 98, according to Track Data.
Infosys (NASDAQ: INFY) is scheduled to report Q4 results on April 15. INFY, a technology services firm based in India, closed at $26.63. INFY April option implied volatility is at 70, May is at 65; near its 26-week average of 67, according to Track Data, suggesting non-directional price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Posted Nov 28th 2008 8:48AM by Paul Foster (RSS feed)
Filed under: India, Options
ICICI Bank (NYSE: IBN), India's second largest bank IBN, closed at $13.21 Wednesday. IBN December option implied volatility of 143 is above its 26-week average of 82 according to Track Data, suggesting larger price fluctuations.
Infosys (NASDAQ: INFY), a technology services firm based in India, closed at $24.31 Wednesday. INFY December option implied volatility of 91 is above its 26-week average of 59 according to Track Data, suggesting larger price movement.
Satyam Computer Services (NYSE: SAY), a technology solution provider based in India, closed at $12.62 Wednesday. SAY over all option implied volatility of 85 is above its 26-week average of 76 according to Track Data, suggesting larger price fluctuations.
Wipro Ltd (NYSE: WIT), a technology services company based in India, closed at $7.47 Wednesday. WIT over all option implied volatility of 83 is above its 26-week average of 71 according to Track Data, suggesting larger price movement.
The Sensex rose 0.7 percent to 9,092.72 at the close in Mumbai India, the highest in almost two weeks.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Posted Dec 21st 2007 11:45AM by Steven Halpern (RSS feed)
Filed under: International markets, India, Newsletters, Stocks to Buy, Best Stocks for 2008
For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report.
"My favorite speculation for 2008 is Indian retail banking giant ICICI Bank Ltd. (NYSE: IBN), my top play on India's booming market," says Nick Vardy, editor of The Global Stock Investor.
"With 614 branches and 2,200 ATMs across India, ICICI's doing an impressive job at bringing modern retail banking to India. ICICI has a diverse portfolio of high-quality, high-margin mortgage, consumer and auto loans. And it is busy adding new financial products such as life and general insurance to sell to this customer base.
"ICICI is also turning into a true global bank. The bank already operates in 14 countries through branches, representative offices and subsidiaries. Indeed, you now see ICICI's bank featured as the mortgage lender of choice in personal finance pages in London newspapers.
Continue reading Best Stocks for 2008: Global expert banks on India's ICICI Bank (IBN)
Posted Oct 29th 2007 8:14PM by Sheldon Liber (RSS feed)
Filed under: International markets, Other issues, Industry, India, Money and Finance Today, Entrepreneurs, Headline news, Tata Mtrs Ltd (TTM)
Seems the world economy is growing and changing so fast that staying on top for very long will become harder. Carlos Slim of Mexico did not retain the title very long, as CNBC is reporting Meet the World's New 'Richest Person' -- For Now, a story about Mukesh Ambani. It has been reported that he is just completing a ONE BILLION DOLLAR HOME! Here's how the Indian press reports rank the world's top five richest people as of today, based on known public stock holdings:
- Mukesh Ambani - $63.2 billion
- Carlos Slim Helu - $62.2993 billion
- William (Bill) Gates - $62.29 billion
- Warren Buffett - $55.9 billion
- Lakshmi Mittal - $50.9 billion
To me, this all amounts to creating headlines, since the slight difference between one, two, and three could be altered with a single day's stock movement. Given that Ambani is on the other side of the world with great fortunes in Europe and Asia it could change back and forth depending on which stock exchanges are open at the time. In a rising market you could go to sleep as the richest person in the world and wake up to find you were overtaken, only to find by the close of the market you were on top again.
What's more important is who is taking what actions. What are these supernova rich guys doing with their wealth? In the case of Gates and Buffett, they have become the world's biggest philanthropists. Carlos Slim has expressed a desire to share his wealth as well by setting up a $10 billion foundation -- I'm not sure how far he has gone with that idea. Mittal is still busy buying up all the steel production on the planet, and is now the largest player in the market. That will increase his wealth for now. On the other hand, the Hunt Brothers of Texas thought that way in the 1970s about silver, and found out rather quickly that was not their brightest idea. Steel is likely a much better bet.
Continue reading World's richest is Mukesh Ambani: Billion-dollar decisions from a billion-dollar home
Posted Jun 25th 2007 11:01AM by Joseph Lazzaro (RSS feed)
Filed under: SEC filings, Other issues, Deals

Just call it the last equity blast before summer. Wall Street's equity market offers a full schedule this week, as lead managers and companies attempt to capture as much buy-side demand as possible a week before the shorter 4th of July week, which is traditionally the start of a lighter syndicate period on Wall Street.
All told, 11
IPOs and 8 Secondaries are on the docket. Those deals tentatively scheduled to price include:
IPOs:Tuesday
- GSC Acquistion (GGA), a 15M-share IPO for this business financing company. Ladenburg, Thalman & Co. and I-Bankers Securities are the lead managers. Filing price: $10.00.
- Spectra Energy Partners LP (SEP), a 10M-share IPO for this natural gas MLP. Citigroup and Lehman Brothers are the lead managers. Filing range: $19.00-$21.00.
Continue reading IPO & secondary preview -- Week of June 25, 2007
Posted Jun 15th 2007 3:30PM by Eric Buscemi (RSS feed)
Filed under: Deals, Rumors, Google (GOOG), IAC/InterActiveCorp (IACI), Alcoa Inc (AA), Expedia Inc (EXPE), News Corp'B' (NWS), Nucor Corp (NUE), , Rio Tinto plc ADS (RTP), salesforce.com inc (CRM), USG Corp (USG)
DOW JONES & COMPANY (NYSE: DJ)Could it happen? Could
News Corporation (NYSE:
NWS) pull its offer? They could, and the fear is absolutely there. That's why the stock has fallen. For one, the Bancroft family, which controls the majority of Dow Jones' shares, hasn't formally accepted Rupert Murdoch's $5B, $60 a share offer. And no one else has come forward with a competing bid. But it does seem that both sides are moving together in the same direction. Okay, but somebody should make up their mind -- either way -- and stop fiddling around.
EXPEDIA INC (NASDAQ: EXPE), IAC/INTERACTIVECORP (NASDAQ: IACI) Barry Diller is back at it. The chairman and CEO of IAC/InteractiveCorp, who is also chairman of the board and a senior advisor to Expedia, is working to take online travel firm Expedia private at $30 a share. Part of any deal will involve Expedia's TripAdvisor being spun off with about 400 jobs being lost in that shuffle.
PENN NATIONAL GAMING INC (NASDAQ: PENN)After many, many laps around the track, this race is over, as race track and casino operator Penn agreed to be acquired today by
Fortress Investment Group LLC (NYSE:
FIG) and
private equity firm Centerbridge Partners. All cash, baby, in a deal worth $8.9B that includes $2.8B of assumed debt. Everyone to the Winner's Circle.
Continue reading This week's rumor round-up: Will News Corp pull its offer for Dow Jones?
Posted Jun 7th 2007 11:45AM by Steven Halpern (RSS feed)
Filed under: India, Newsletters
"India is a country of the future," observes Nick Vardy in The Global Stock Investor. And his current favorite play on this market is ICICI (NYSE: IBN). He notes, "ICICI can be considered India's 'Citibank' -- and it is angling to profit from India's growth in many ways."
The advisor points out that the Delhi Master Plan 2021 -- a government plan to transform New Delhi from a "chaotic city into a clean, organized and world-class metropolis" -- proposes making land available to build 2.4 million housing units in Delhi.
He notes that ICICI Venture Funds Management Co. -- a joint venture with Tishman Speyer, a U.S. real-estate company -- is already actively looking at funding a large chunk of the project. The prospects look strong.
Meanwhile, he adds, ICICI Bank's international aspirations continue to bear fruit. Recently, he states, ICICI received a license to set up a branch in the Qatar Financial Centre, Doha, Qatar. According to Vardy, ICICI Bank is the first Indian bank to receive a license from Qatar Financial Centre Regulatory Authority (QFCRA).
He explains, "Perhaps no other stock in our portfolio demonstrates better that it is important to stick with strong-growth megatrends, no matter how volatile the ride can be. I continue to be very bullish on the long-term prospects of ICICI bank and the stock remains a long-term buy and my #1 pick on the global financial-services megatrend."
For more stock picks from the leading financial newsletter advisors, visit Steven Halpern's free daily website, TheStockAdvisors.com.
Posted Feb 23rd 2007 9:45AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Microsoft (MSFT), Apple Inc (AAPL), India, McDonald's (MCD), Alcatel-LucentADS (ALU)
MAJOR PAPERS:
- The Wall Street Journal (subscription required) reported that Microsoft Corp (NASDAQ: MSFT) has been ordered to pay $1.52B to Alcatel-Lucent (NYSE: ALU) for infringing patents on a fundamental technology for digital music.
- According to the Wall Street Journal's "Heard on the Street" column, shares of India's two largest private sector banking companies, Icici Bank Ltd. (NYSE: IBN) and HDFC Bank (NYSE: HDB), have tripled over the past three years. However, some investors are getting cautious on the stocks as India's central bank has taken tougher steps to rein in lending growth and stanch inflation.
- Barron's Online's (subscription required) "Weekday Trader" suggested investing in companies with modest dividend yields, but a strong cash position and business model, such as outsourcing player Paychex, Inc. (NASDAQ: PAYX), fast-food giant McDonald's Corp. (NYSE: MCD) and insurer Prudential Financial, Inc. (NYSE: PRU).
OTHER PAPERS:
- According to German website Heise Online, Apple Inc (NASDAQ: AAPL) will exhibit at CeBIT, the European version of the CES expo, from March 15 through the 21. Apple will be exhibiting the iPhone, said the site. However, according to German website Computerwoche, Apple has denied that it is participating in CeBIT. (Both links in German)
- Business Week's "Inside Wall Street" column mentioned UnitedHealth (NYSE: UNH), Epix (NASDAQ: EPIX) and LJ International (NASDAQ: JADE) positively.
- Warren Buffet has stirred up interest in UnitedHealth by reportedly buying one million shares in the company.
- Small biotech Epix, which recently signed a deal with GlaxoSmithKline (NYSE: GSK), could double within a year, believe some experts.
- LJ International, which has already risen from slightly over $4 to over $11 since December, may still have room to rise, according to Albert Lee of Maxim Group, who has a $12 price target on the stock.
- Investor's Business Daily's "New America" column highlighted Spartan Stores (NASDAQ: SPTN), the 10th largest grocery distributor in the U.S., which has seen earnings growth in double and triple digits for nine of the past ten quarters.