Taj Mahal of Indian stocks

NYSE India Stocks: The Taj Mahal of Investments?

 

Many investors consider India to be the most secure of the 3 Asian BRIC countries, safer than Russia or China [Brazil is 4th BRIC country]. Since the NYSE has very strict requirements for being listed, investors often look towards NYSE stocks especially when investing in the company of a foreign country.

 

Some interesting facts about our India:

1. It has the third largest economy in the world measured by purchasing power parity.
2. It has the tenth largest economy in the world in US dollar exchange-rate terms.
3. It is is the second fastest growing major economy in the world [ 9.4% GDP growth rate].
4. Services make up over 60% of their GDP.
5. The inflation rate is 5.3%.
6. It has the fourth-largest reserves in the world of coal.
7. It has the world's largest reserves of thorium, a slightly radioactive metal which has been considered an alternative nuclear fuel to uranium.
8. Its oil reserves provide 25% of the country's demand.
9. It ranks second worldwide in farm output.
10. It ranks fourteenth worldwide in factory output.
11. Its IT industry accounts for only about 1% of the total GDP.
12. In 2005, India liberalised its foreign direct investments policy to allow up to a 100% foreign investment stake in India based ventures.

 

Here are some Indian stocks worth looking into, all of which trade on the New York Stock Exchange and most pay dividends.

 

HDFC Bank Ltd. is a based bank which provides retail banking, wholesale banking, and treasury services. The stock has a P/E of 29.43 and a yield of 0.6%.

 

ICICI Bank Ltd is bank holding company which provides commercial banking, investment banking, and insurance services. The stock has a P/E of 26.5 and a yield of 1.1%.

 

MTNLprovides telecommunications services in Delhi and Mumbai. The stock has a P/E of 13.9 and a yield of 4.3%. The PEG is 1.96.

 

Patni Computer Systems Ltd. is in the business of information technology consulting and software development. The stock has a P/E of 10.57 and a yield of 0.6%. The PEG is 0.69.

 

Dr. Reddy's Lab. is a pharmnaceutical company which researches, develops and markets drugs for the treatment of cancer, cardiovascular disorders, bacterial infection, and metabolic disorders. The stock has a P/E of 10.26 and a P/S of 1.63. It does not pay dividends.

 

Satyam Computer. is in the business of information technology services and business process outsourcing services. They have a P/E of 27.14, a PEG of 0.93, and a yield of 0.6%.

 

Sterlite Industries India Ltd is a major producer of copper in India. They have a low P/E of 6.82. Earnings for the latest quarter were up 30% year over year on a revenue increase of 33%.

 

Tata Motors  is a manufacturer of passenger and commercial vehicles. The P/E is 11.8 and it generates a yield of 2.3%.

 

Videsh Sanchar Nigam Ltd. provides voice, data, and value-added services to companies around the world. The stock has a very high P/E of 426, a PEG of 2.75, and a yield of 1%.

 

Wipro Ltd. is in the business of offering information technology services and products, and business process outsourcing services. The stock has a P/E of 26.44, a PEG of 1.07, and a yield of 0.9%.