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Satyam Computer Services Limited

Satyam announced its Q4 results today. The company said its US GAAP revenues grew 46 percent. The company crossed the $2 billion milestone mark for the year. The company added 32 new clients with 4 of them being Fortune 500 companies.

The company expects a revenue growth rate of 24 to 26 percent in FY09 (in both Indian and US GAAP). While EPS is expected to grow in the range of 17 to 19 percent in Indian GAAP, the EPADS* is expected to grow in the range of 15.2 to 17.6 percent,as per US GAAP.

Stock Prices Intraday – about 2:13 PM IST
Satyam (NSE): Rs. 458.55 Down 2.21%
NSE Nifty: 5008.95 Up 1.02%
BSE Sensex: 16,625.26 Up 0.87%

Add commentApril 21st, 2008

Security listed and admitted to dealings – GSSAMERICA

The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. March 7, 2008. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors.

 

Sr. No.	Symbol	Name of the Company	ISIN Code
1	GSSAMERICA	GSS America Infotech Limited	INE871H01011

Add commentMarch 3rd, 2008

Indian markets open in red, IT worst hit

Indian stock markets opened in the red after the US and Asian markets ticket red. Nifty is marginally down by 0.47%, CNX 500 down by 0.20% and CNX IT down by 1.32%. Even the Bank Nifty is down by 1.16%. Sensex is down 63.86 points or 0.34%. TCS news has hit the IT stocks

Sensex Mid cap and Small cap are marginally red. Consumer Goods, Health care and Realty are up while other BSE sectoral indices are in the red.

IT sector stocks are having a bad start this morning. The news of TCS to sack about 400 employees with less than 2 years experience has hit the market by surprise. Almost all top tier IT companies were racing each other till few months back to get fresh talent and retain existing talent.

TCS opened the day at Rs. 960.00 on the NSE, hit an intraday high of 975.00 and intraday low of Rs. 935.65 and is trading at Rs. 953.10 levels. The script is down 2.22%. Infosys is down 1.54%, Satyam is down 2.69% while Wipro is down 2.25%

On the Banking front, almost all the scripts on the Bank Nifty except the Bank of India are in the red. SBI is trading at Rs. 2246.15 levels.

Add commentFebruary 5th, 2008

Indian stock markets volatile despite lack of volumes

The Indian stock markets plunged at the opening bell, went on gaining points but reversed the course in the last two hours of trade finally closing in the positive region.

The Sensex closed up 18,660.32 up by 417.74 points or 2.29%. The BSE Midcap Index is up 3.14% while the BSE Small Index is up 2.87%. NSE Nifty last ticked 5463.50 points and is up 2.75%. Nifty Junior is up 3.09%. CNX IT is up 4.50% while Nifty Midcap 50 is up 4.15%. On the BSE Sectoral Indices, Realty, IT, PSU and Metal are up 3%.

IT stocks had a good day today. While the large cap stocks maintained their gains, few select midcap IT stocks took a plunge. Rolta is up 23.37%, Mphasis is up 10.99% while Tech Mahindra is up 6.22%. Few analysts gave a buy rating for Mphasis with a target of Rs. 357. Mphasis opened that day at Rs. 255.00, touched an intraday high of Rs. 285.00 and intraday low of Rs. 250.15 and closed at 274.65 on the NSE

Sans the HDFC Bank, almost all Banks on the Bank Nifty had a good day. ICICI Bank closed up 1.18%, SBI and Bank of India are up over 4%, Union Bank is up 8.55% and Oriental Bank of Commerce is up 9.14%.

Yes Bank is up 1.62% today. The script last traded at Rs. 257.70 and is now carrying an Accumulate rating by analysts.

Add commentFebruary 4th, 2008

Indian markets closes day in red as Sensex slides to 17640 levels

The pain in the Indian markets seems to have not gone but there is a bit of cheer today. The Indian stock markets opened the day in the green but soon slipped into the red before reversing its course. However by post-noon trades, the bears overtook the bulls as the markets closed the day in the red. Sensex opened the day at 17,810.13 and closed the day 17,648.71 and is down points losing 0.62%. The BSE Midcap and Smallcap indices too closed marginally in the red. Almost all BSE sectoral indices closed the day in the red except for Auto, Oil & Gas, FMCG and IT which managed to close the day marginally in the green. CNX Nifty is down 0.58%. Bank Nifty slipped 1.89%. Nifty Midcap 50 index is down 2.85%.

Banking stocks had a mixed day today. India’s largest private sector bank ICICI Bank closed the day down 3.4% while its arch rival HDFC Bank is up 2.39%. While Corporation Bank is down by over 8%, Oriental Bank of Commerce is down 7.1% and Union Bank of India and Bank of India are down over 4%, Canara Bank which has recently attempted a branding makeover closed the day up by 4.1%. India’s largest Bank, State Bank of India is down by 2.55%. The stock last traded at Rs. 2167.35 on the NSE

IT stocks had a mixed day today. Infosys and TCS barely closed the day in the green. Wipro is up 2.2% while Satyam is down 1.12%

STOCK        LAST TRADED PRICE (In INR)

INFOSYSTCH    1499.05
SATYAMCOMP    392.7
TCS            873.75
FINANTECH    2134.2
HCLTECH        241.65
WIPRO        422.75
ROLTA        232.15
TECHM        684.45
MPHASIS        215.75
PATNI        256.3
GTL            258.1
POLARIS        80.55
CMC            856.6
I-FLEX        940.85
MOSERBAER    210.8
SUBEX        313.9
HEXAWARE    66.2
MINDTREE    342.6
TATAELXSI    201
HCL-INSYS    197.05

Add commentJanuary 31st, 2008