Mahindra Satyam

Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.

Posted by : sukhoi37
Price when posted : BSE: Rs 92.75 ( -8.76 % ), NSE: Rs. 93.00 ( -8.46 % )

and our CBI says...Satyam has cooked up even the client list! I don`t know if that`s true or not?...

Mahindra Satyam to reach Rs 200 by end of 2009 and 300 in April 2010.

Posted by : SM_1
Price when posted : BSE: Rs 92.60 ( -8.90 % ), NSE: Rs. 92.80 ( -8.66 % )

Mahindra Satyam says not losing clients

25 Nov 2009, 1333 hrs IST, REUTERS

BANGALORE: Indian IT services firm Mahindra Satyam said customer attrition has stopped and it is not offering price cuts to win new deals, a company
executive said. "We inherited 380 customers and we have not lost any.

We have added about 36, so we have about 420 (as of now)," Atul Kunwar, president, global operations, said at the Reuters India Investment Summit held in Bangalore. Mahindra Satyam, which counts General Electric Co, Cisco Systems and GlaxoSmithKline Plc among its clients, has renewed over 50 deals in the last three months. "A lot of these are multi-year deals," Kunwar said.

The company, earlier known as Satyam Computer Services, was acquired in April by Tech Mahindra, a unit of tractor and utility vehicle maker Mahindra & Mahindra, after being hit by India`s biggest corporate scandal. Kunwar said the company is not seeing any payment delays. "In fact, the customers are being overly good to us. No payments are being held up," Kunwar said. Mahindra Satyam, which is in talks with the World Bank to lift a ban, said it is hopeful of completing the restatement of its accounts by June 2010.

In December last year, Satyam Computer Services was barred from business with the World Bank for eight years. The firm currently has 35,000 employees, including the virtual pool. Shares in Mahindra Satyam were trading down more than 7 percent at 94.25 rupees in the main Mumbai market that was up 0.7 percent....

Buy call for Mah Satyam @cmp

Posted by : nlc
Price when posted : BSE: Rs 92.60 ( -8.90 % ), NSE: Rs. 92.75 ( -8.71 % )

Now the scam looks much bigger then initial 7000vr, so worried about company balance sheet.
so better the stay away from satyam until things crear...

Buy call for Mah Satyam @cmp

Posted by : sukhoi37
Price when posted : BSE: Rs 92.60 ( -8.90 % ), NSE: Rs. 92.75 ( -8.71 % )

No use of getting panicky but i get bored with such a numb trading experience, no fun in this these days...just wonder when this stock would pick up its steam. Yes, whoever has the kind of liquidity (invest and forget for 2-3 months min.) have the best advantage at these levels. Good luck. ...

Buy call for Mah Satyam @cmp

Posted by : vuppala1948
Price when posted : BSE: Rs 92.20 ( -9.30 % ), NSE: Rs. 92.40 ( -9.06 % )

New management is sorting out all issues quickly and positively.
CBI charge sheets etc are bound to be Negative for Rajus (expectedly) but will be positive for M`Satyam as a company.
So, there is no point in panic selling merely based on such LONG EXPECTED NEWS and bringing down the Share price on the date of the news.Any way, whoever BUYs now - will benefit....

Buy call for Mah Satyam @cmp

Posted by : rbanneng
Price when posted : BSE: Rs 93.90 ( -7.62 % ), NSE: Rs. 93.30 ( -8.17 % )

There has been an attempt create panic in the market with respect to Satyam. I agree with prashantdahale that one needs to look at the prospectus from now on with new mgmt. Don`t simply get panic..more people want to get into Satyam for that they want better price and hence the attempt to create panic.
Recently there was news about leveraging from the parent company M&M for engineering services and possibility of upside in revenue from that portfolio.

...

Buy call for Mah Satyam @cmp

Posted by : prashantdahale
Price when posted : BSE: Rs 94.30 ( -7.23 % ), NSE: Rs. 94.60 ( -6.89 % )

so keep a postive outlook on this stock since the new mgmt is doing its best to settle this old issues and to run the company in best possible way....

Satyam Fraud 40% Larger Than Ramalinga Raju Claimed

Posted by : Haw
Price when posted : BSE: Rs 94.10 ( -7.43 % ), NSE: Rs. 94.30 ( -7.19 % )

Does this means satyam is gonna drown fully??? I have invested hoping that under mahindra this script will show some positive response... Will thr be any recovery in near future???...

Mahindra Satyam looks at out-of-court settlement with creditors

Posted by : pms.swastika
Price when posted : BSE: Rs 94.20 ( -7.33 % ), NSE: Rs. 94.25 ( -7.23 % )

Mahindra Satyam looks at out-of-court settlement with creditors

Mahindra Satyam looks at out-of-court settlement with creditors. 20 creditors from a total of 37 may withdraw legal notices issued earlier this month.

Regards
Swastika PMS...

Buy call for Mah Satyam @cmp

Posted by : prashantdahale
Price when posted : BSE: Rs 94.20 ( -7.33 % ), NSE: Rs. 94.25 ( -7.23 % )

Best time to Invest in this stock...this is bcoz whatever fraud dat hav taken place is now getting exposed...and this fraud is done by old employees and mgmt and not by new mgmt so not to worry about Satyam`s future..so if u can hold it for 1 yr or more..buy now at current levels....

Satyam Fraud 40% Larger Than Ramalinga Raju Claimed

Posted by : pms.swastika
Price when posted : BSE: Rs 94.45 ( -7.08 % ), NSE: Rs. 94.45 ( -7.04 % )

Satyam Fraud 40% Larger Than Ramalinga Raju Claimed

Satyam Computer Services Ltd.’s accounting fraud was 40 percent larger than the Ramalinga Raju claimed, according to Central Bureau of Investigation. Investigators found 28.09 billion rupees ($606 million) of additional fraud at Satyam. That’s on top of the 71.36 billion rupees former Chairman B. Ramalinga Raju said in January he misrepresented by inflating company assets and understating debt.
The federal agency filed additional charges, including faking invoices and falsifying accounts, against Raju and nine defendants as the bureau concludes its nine-month investigation.

The fresh charges include details related to money raised from pledged shares at inflated values, loans from forged board resolutions, money gained from selling founders’ shares and dividends from inflated profit, fake invoices and falsified accounts.

Investigators found an additional 12.21 billion rupees of loans raised by forging board resolutions, and 7.48 billion rupees of illicit gains from the sale of shares and 2.3 billion rupees in dividends received from inflated profits. Seven fake customers were also created to book 4.3 billion rupees of sales and falsified accounts of about 1.8 billion rupees while buying subsidiary Nipuna Services Ltd.

Investigators also found 1,065 real-estate properties purchased by the accused, including 6,000 acres (2,428 hectares) of land, 40,000 square yards (33,445 square meters) of housing plots and 90,000 square feet of building space. Together they have a value of 3.5 billion rupees.

Regards
Swastika PMS...

in which stock should i invest?

Posted by : g_kalwani
Price when posted : BSE: Rs 94.25 ( -7.28 % ), NSE: Rs. 94.35 ( -7.14 % )

Therefore JVL Agro is the right stock to inv.
I have been saying this all the time; people
can not stop eating/cooking...

Whatis the position

Posted by : boomarang
Price when posted : BSE: Rs 94.25 ( -7.28 % ), NSE: Rs. 94.30 ( -7.19 % )

To arrest the down fall this scrip is only one way Mr. mahindra need to publish the actual financial position of the company as early as possible. Otherwise this stock will be drage to the level of 70 again by the traders and fund houses for every news. The invester is not bothered about what happend to the company in the past they are more interested what is the actual positon of the company as per the present earning and etc....

Whatis the position

Posted by : g_kalwani
Price when posted : BSE: Rs 94.65 ( -6.89 % ), NSE: Rs. 94.20 ( -7.28 % )

somewhere I said ...

Mahindra satyam may not see above 100 mark again....

Posted by : Atri
Price when posted : BSE: Rs 94.70 ( -6.84 % ), NSE: Rs. 94.20 ( -7.28 % )

Right and timely advice for ashamed man...