Syntel Inc. (SYNT) is a solid Growth and Income pick that continues to see strong momentum. Shares are trading near a 52-week high and nearly doubled the market’s gain since SYNT was last featured as Zacks Rank Buy stock idea just a few weeks ago.

The company recently announced that it was included on Fortune Magazine’s global list of “100 Fastest Growing Companies.”

Higher Forecasts

Syntel is calling for earnings to range of $2.40 to $2.50 per share.

The full-year Zacks Consensus Estimate has been on the rise, climbing from $2.20 to $2.43 per share over the past 2 months, a 2-cent increase since SYNT was last featured in mid-August.

For 2010, the Zacks Consensus Estimate stands at $2.39, versus last month’s $2.35 and the 2 months-ago level of $2.11.

Strong Industry Comparisons

The technology services player has a return on equity (ROE) of 40%, more than doubling the industry-average of 14%. The company boasts a solid balance sheet, showing no debt. Its net profit margin of 25% is well above the industry average of 5%. Syntel’s dividend yield of 1% is above the industry average and translates into an annual dividend of 24 cents per share.

Zacks Investment Research
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