Mumbai / Bangalore: Wipro Ltd, which is India’s third largest
software services company, will build electronic warfare systems,
radars and flight simulators locally for US defence contractors, such
as Lockheed Martin Corp. and Northrop Grumman Corp., as it pursues what
are called offset contracts for missiles and aircraft sold by foreign
vendors to Indian armed forces.
Is Ratan Tata on his way to creating a defence conglomerate?
It is hard to say what will be eventually seen as Ratan Tata’s single most remarkable achievement as the Tata Group chairman. Will it be globalising the Tata footprint? Will it be converting his commodity-FMCG-durables legacy into a tech-driven empire? Will it be the Rs 1-lakh Nano? Or, will it be laying the foundations of a major military industrial complex? Though it is early days yet for Tata’s military forays, he is doing enough to suggest that he is committed to creating a defence conglomerate, which may one day rival Lockheed Martin or BAE Systems.
Life can only be understood backwards—but it must be lived forwards
Joined: 16/Jan/2008
Location: India
Online Status: Offline
Posts: 1624
Posted: 20/Aug/2008 at 1:17pm
Has anybody (apart from RJ ofcourse ;) ) looked at Zen Technologies. I read their annual report and the opportunity to grow fast is definitely there.Company has a decent order book and if the management is able to execute the orders well this stock could be a multi bagger from here.
What are your views?can somebody just glace through the balance sheet and see if there are any red flags that i might have missed?
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
Posted: 20/Aug/2008 at 1:21pm
link?
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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