Infy, Wipro among Buffett-fit stocks: S&P

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New Delhi, September 7:: India is yet to make its debut on legendary investor Warren Buffett's portfolio, but there are at least three companies from the country -- technology majors Infosys, Wipro and Satyam -- that are fit to make the grade, according to Standard and Poor's.

The world's leading rating agency and investment services provider compiles a list of stocks meeting Buffett's investment criteria twice a year and the latest such portfolio includes the names of the three US-listed Indian IT firms.

Infosys, Wipro and Satyam have been named alongside global giants such as healthcare products major Johnson & Johnson, fast-food restaurant chain McDonald's, IT behemoths Microsoft, Oracle, Qualcomm and SAP as well as BlackBerry-maker Research in Motion in September update of S&P's Buffett Stock Screen.

In the previous edition of this portfolio, released in February, there were a total of 60 stocks, which has declined to 49 in the latest list.

While Satyam has made a comeback after exiting this portfolio in February, a number of big names such as technology major Apple, soft drink giants PepsiCo and Coca-Cola, industrial conglomerate 3M, tobacco major Altria Group, British American Tobacco, China Mobile, Cisco Systems, Diageo and GlaxoSmithKline have made an exit this time around.

Besides, Latin American telecom major America Movil, led by Mexican billionaire Carlos Slim who is ranked as second richest in the world after Buffett, has also moved out of S&P's Buffett screen.