The world’s greatest investor Warren Buffett may have shied away from putting his money in Indian companies so far, but those fulfilling his investment criteria include at least three companies based here — namely Infosys, Wipro and Satyam Computer.
In its latest biannual compilation of the stocks that meet the legendary investor’s portfolio, Standard and Poor’s has included three of the biggest names in the Indian IT space in the latest model portfolio. The American Depositary Receipts of these three IT behemoths have been named alongside global giants Microsoft, Oracle, Ericsson, Cisco Systems, Diageo, China Mobile and SAP.
Standard & Poor’s has been updating its S&P Promising Growth Portfoio twice a year — in February and August — since 1995 and it includes stocks reflecting the criteria that Buffett has emphasised in the past, although “these are not necessarily stocks that Buffett has bought or ever personally plans to buy.”
The latest list consists of 55 stocks across sectors like healthcare, consumer products and technology and marks a growing number of European and Asian names, S&P said. In the previous list published in February, there were a total of 56 stocks and included Infosys and Satyam Computers. Wipro has become the third Indian company to make it to the portfolio in its latest edition.
While a number of globally renowned investors like George Soros have invested in Indian companies, none of the domestic firms have yet made to the portfolio of Berkshire Hathaway, the holding firm through which Buffett makes his investments.
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