Recent Event Highlights: Anand Mahindra in conversation with CNBC TV18 in Davos, Mahindra Satyam may remain rangebound: Srivastava, ED supports Mah Satyam's stance that claims are untenable, Tech Mahindra Q3 net profit up; eyes large biz for Satyam, Tech Mahindra Q3 net profit up; eyes large biz for Satyam, L&T to sell second tranche of Satyam stake by Fri: Sources, and 36 more...
Created by dipity on Feb 3, 2010
Last updated: 11/02/10 at 05:04 PM
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Rohit Srivastava - Fund Manger - Protech Managed Futures Accounts, Sharekhan is of the view that Mahindra Satyam may remain range bound or head slowly downward on a long-term basis.
The Enforcement Directorate (ED) has given its nod to Mahindra Satyam outlining that the Rs 1230 crore claimed by 37 promoter group companies in November 2009 is untenable. However, Mahindra Satyam was unavailable for comments and an official statement on the issue is awaited.
Tech Mahindra has announced its third quarter results. The company's Q3 consolidated net profit was up at Rs 172.8 crore versus Rs 168.95 crore. In an exclusive interview with CNBC-TV18, Sonjoy Anand, Chief Financial Officer and Vineet Nayyar, Vice Chairman and Managing Director of the company, speak about the quarter gone by and the road ahead. PART2
Tech Mahindra has announced its third quarter results. The company's Q3 consolidated net profit was up at Rs 172.8 crore versus Rs 168.95 crore. In an exclusive interview with CNBC-TV18, Sonjoy Anand, Chief Financial Officer and Vineet Nayyar, Vice Chairman and Managing Director of the company, speak about the quarter gone by and the road ahead. PART1
Spirit of Mahindra Satyam
Larsen & Toubro plans to sell second tranche of Satyam stake this week, sources told CNBC-tv18's Nimesh Shah. The company holds 4.58% stake in Mahindra Satyam. The stake is valued at around Rs 614 crore.
Hemanth sings for Mahindra Satyam colleagues at Bangalore during farewell for veteran Shailendra Srivastava.
Hemanth sings for Mahindra Satyam colleagues at Bangalore during farewell for veteran Shailendra Srivastava.
This performance is a part of Mahindra Satyam Retro Blast Held on 23rd December 2009 at Infocity Hyderabad, India. Everyone enjoyed and had a blast!
It has been one year since the Satyam scam exploded. In an exclusive interview to NDTV Profit, CP Gurnani, CEO of Mahindra Satyam said a fair amount of growth has been achieved but a lot has to be done for reviving Mahindra Satyam.
Mahindra Satyam has support at Rs 100. The stock can go upto Rs 115 in medium term, says Rahul Mohindar of viratechindia.com
Prefer Tech Mahindra to Mahindra Satyam. One can exit from Mahindra Satyam at around Rs 110, says Investment Advisor, SP Tulsian.
Excerpt
...will be met in two tranches expanding over a period of one year, thus spreading the impact of the cash outflow. Mahindra Satyam has indicated improved operational efficiency in a recent media commentary. In November, the company said that it had reduced its...
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Economic Times
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http://economictimes.indiatimes.com/Mahendra-Satyam-Market-eyes-smart-recovery-in-valuation/articleshow/5324802.cms
Stay from Mahindra Satyam and wait for it to pullback by about 3-4% from current level, says Gautam Vora, Director, ULJK Securities.
Mahindra Satyam can test Rs 113-114, says Technical Analyst, Ashwani Gujral.
Mahindra Satyam has settled its long-drawn legal case with Upaid for USD 70 million. Commenting on the same, Udayan Mukherjee, Managing Editor of CNBC-TV18, says the market will like the news. The stock might get back to that Rs 105-110 kind of levels, he adds.
Mahindra Satyam could retrace around 50-55% of the entire decline, which gives a target of around Rs 100-101 on the upside. If it closes above Rs 101, then it would signal a retest of levels of Rs 110-115 says Technical Analyst, Mitesh Thacker of miteshthacker.com
Keep Rs 88 stoploss in Mahindra Satyam, says Anu Jain, Vice President, IIFL Private Wealth Management.
A CLSA report has exhorted investors to exit Mahindra Satyam. CLSA said Mahindra Satyam did not have fundamental value trading at current levels as normal financials of the company would be known only by June 2010. Mahindra Satyam's Executive VC Vineet Nayyar outlines the reasons for the same. PART2
A CLSA report has exhorted investors to exit Mahindra Satyam. CLSA said Mahindra Satyam did not have fundamental value trading at current levels as normal financials of the company would be known only by June 2010. Mahindra Satyam's Executive VC Vineet Nayyar outlines the reasons for the same. PART1
Mahindra Satyam has pretty good support at Rs 88, says Rahul Mohindar of Viratechindia.
Sell Mahindra Satyam, says Sandeep Wagle, Head of Technical Analysis, Angel Broking.
Exit Mahindra Satyam at around Rs 120-125. One can buy the stock at around Rs 100 with a stoploss of around 4-5%, says Technical Analyst, Mitesh Thacker of miteshthacker.com.
Mahindra Satyam has support at Rs 90, says Technical Analyst, Ashwani Gujral.
Anand Mahindra Vice Chairman and Managing Director of Mahindra and Mahindra said the Mahindra Satyam is seeing strong traction and has not encountered any unexpected surprises.
Construction major Larsen and Tubro (L&T) have decided to sell 2.7 crore shares of Mahindra Satyam reports CNBC-tv18s Varinder Bansal.
Mahindra Satyam has the legs to go upto Rs 124-125 levels, says Technical Analyst, Vijay Bhambwani.
On Novemebr 3, 2009, Mahindra Satyam had announced an outsourcing memorandum of understanding (mou) with Saab for managing their information technology (IT) Indian operations. The deal is likely to be valued above USD 400 million.
Mahindra Satyam im Interview Trading- selmckenzie Selzer-mckenzie
When the going gets tough, the tough gets going. Mahindra Satyam emerged out has a true champion from the worst financial crisis in Indian Industry. This is a short video on how Mahindra Satyam came back strong against all odds and media rumors. Mahindra Satyam story inspires our Indian Industry.
Mahindra Satyam may have got a brand new management, but turning around a scam-ridden company is far from easy.
What will the final restated accounts of Mahindra Satyam look like? Will the billion dollars in revenue slide or grow? Such questions are on almost every investor and stakeholders mind.
James Abraham from BCG on Tech Mahindra Buyout Satyam . Tech Mahindra
What are the challenges during this transition? Guest: James Abraham, BCG
Frost and Sullivan on Tech Mahindra buyout of Satyam -Manoj Menon Managing Director- Frost and Sullivan (APAC)
Hyderabad, April 21 (ANI): Tech Mahindra Limited, one of India's software majors, which is taking over Satyam Computer Services Limited in a deal worth about $580 million, confirmed on Monday that it would run the fraud-hit outsourcing firm as a standalone unit. Tech Mahindra said its immediate priority was to retain and win back lost clients of Satyam and the company intended to meet key customers across the world.
How did Tech Mahindra shape the winning bid for Satyam? Faguni Nayar of Kotak - Tech Mah's advisors on the deal
How to tackle employee & clients' apprehensions? Also should Tech Mahindra discard Brand Satyam?
The deal is done but what are the HR challenges that Tech Mahindra will face? And will it be possible to resurrect Brand Satyam?
Mumbai, April 14 (ANI): Indian mid-sized IT outsourcer Tech Mahindra on Monday won an auction to buy Satyam Computer Services Limited, the company at the heart of India's biggest corporate scandal. Chairman of the government appointed board of Satyam Computer Services, Kiran Karnik felt relieved after the auction.
Mumbai, April 13 (ANI): After outbidding Larsen and Toubro and other companies, Tech Mahindra won the Satyam bid on Monday with 58 rupees per share offer. It is expected to pay 1757 crore rupees for the 31 percent stake in Satyam. The government-appointed Satyam Board conducted the final bidding in Mumbai this morning.
Tech Mahindra wins the bid for Satyam-Expert's Take
Tech Mahindra wins the bid for Satyam-Expert's Take
Tech Mahindra pays Rs.1757 Crores to take over Satyam Computers. The bid came in at Rs.58 per share ( a little over 1 USD). The company that Raju built is now with the Mahindra group.
Tech Mahindra says will not bid for Satyam if enough information is not provided
In the country's biggest corporate fraud involving about Rs 8000 crore, iconic IT company Satyam was on Wednesday hurtling towards Satyam's board members Five facts about Satyam disaster following the shocking disclosure of accounts fudging by its founder Ramalinga Raju, who then quit as chairman - leaving an uncertain future for the company and its 53000 employees.
In the country's biggest corporate fraud involving about Rs 8000 crore, iconic IT company Satyam was on Wednesday hurtling towards Satyam's board members Five facts about Satyam disaster following the shocking disclosure of accounts fudging by its founder Ramalinga Raju, who then quit as chairman - leaving an uncertain future for the company and its 53000 employees.
Update Sources