It Equity Research Report

In: Business and Management

Submitted By nedstark
Words 8190
Pages 33
Summer Internship Project Report
Understanding the Business Dynamics of four major Indian IT companies, Comparison of their Strategies and Equity Forecasting of a Company

Submitted to
Mr VinitBolinjkar, Head, Equity Research, Ventura Securities Ltd Dr. Sangeeta Wats

8 June 2013

Prepared by
Vaibhav Jha (Roll No A028) Intern at Ventura Securities Ltd, Mumbai MBA Capital Markets 2012-14 batch Narsee Monjee Institute of Management Studies, Mumbai

Preface

The size of Indian IT Industry is $100 billion. The pace with which different IT companies have been growing vary to a great extent. Even in terms of future guidance, one company hovers around 6-10% vis-a-vis another at 17%. Volatility has seeped into this industry. It is becoming increasingly difficult for the investors to invest in any of the companies, thanks to the sinusoidal growth of some of the bellwether IT companies. An investor needs to do an in depth analysis of the business model being followed by various companies. I need to look into their target geographies, service lines and industries. Scrutinising these parameters along with the valuation of the respective stocks will give a better idea about the future prospect of these companies. In this research, I have taken top four Indian IT companies- TCS, Infosys, Wipro and HCL. An in-depth analysis of each of the companies is done. I have looked into various domains of the companies. IT industry has many service lines- IT Services, Consulting, Products & Platforms.

Place - Mumbai Date – 04/06/2013

Vaibhav Jha

2

Acknowledgement
I take this opportunity to express my profound gratitude and deep regards to my guide Mr.Vinit Bolinjkar (Head, Equity Research) for his guidance and constant encouragement throughout the course of this project. I am highly indebted to Mr Chintan for his guidance and support in understanding the working of…...

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