India's rupee is one that Tim and Global Gains co-advisor Nate Parmelee like, and for good reason. India has a history of harvesting big winners that trade on American exchanges. Here's a look at the top five returners as identified by Capital IQ:
Company | Recent Price | CAPS Stars | 1-Year U.S. |
|---|---|---|---|
Patni Computer Systems (NYSE: PTI) | $20.82 | ***** | 261% |
Tata Motors (NYSE: TTM) | $13.86 | ***** | 381% |
Dr. Reddy's Laboratories (NYSE: RDY) | $24.30 | ***** | 169% |
Sterlite Industries India (NYSE: SLT) | $18.85 | **** | 292% |
Wipro (NYSE: WIT) | $20.40 | *** | 183% |
Sources: Capital IQ, Motley Fool CAPS, Yahoo! Finance.
China may be all the rage, but if research is to be believed, India may be where the growth is. Why? Prosperity. India ranks as the world's 45th most prosperous country, according to a new report from The Legatum Institute. China ranked 75th.
The implication, naturally, is that a more prosperous India should be able to support more goods and services, more spending, more economic growth, and ultimately higher stock prices.
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