As per NASSCOM ( National Association of Software and Services Companies ) reports, the ITES-BPO segment is growing at the rate of 30% year over year. The companies also started expanding to new markets inorder to substantiate the Rupee - Dollor appreciation which cuts their revenues a lot due to more US business. Nortgate Technologies, Allied Digital Services and Allsec Technologies are good picks in this racing sector.
7 comments:
Good Analysis. But, I hav doubts in Indian ITES Cos. on maintaining the samelevel of comptence with new emerging destinations like Poland or Phillipines.
It seems Indian ITES Cos. lack more on technical competence due to infrastructure problems compared to Phillippines or emerging east European counterparts. I think Government would give more tax concessions in coming years inorder to make the Cos. survive market pressures and also highest employment potential of ITES industry.
Good work for picks in maturing markets like India. Work on........
Could you please give me some more details on Rupee Dollor appreciation Vs Revenue generation in ITES industry?
Good analysis on potential worth stocks. Keep it up.
Its very nice to know that ITES has tremendous potential. The new segments like KPO, LPO, PPO will enhance the industry's business revenues in coming years
In general ITES sector is overvalued at this point of time. But the stocks analysed here have good fundamentals background to be bullish in coming days. Waiting for your next sector post.
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