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Posted by :
BullSwapCan go upto 955 today!...
KIM ENG recommends `Buy` on Tech Mahindra
Posted by : maximindiaThere is no movement of Techmahindra 4 d simple reason that it has not published provisional figure og Mahsatyam Investors r there4 not able to take view on its future earning.It is in d interest of shareholders that Techm gv pro figure of satyam 4 last 2 quart as they hv given 4 jan feb 2009....
KIM ENG recommends `Buy` on Tech Mahindra
Posted by : GuestNo doubt Tech mahindra is expert in managing the figures but sustaining growth with falling BT business is real challenge. Telecom segment is looking desperately for value addition and innovation and Tech Mahindra needs to show its consultancy skills with some excellent demo pieces which prove their worth in Telecom industry. Enhancement of productivity, value addition by doing things differently and innovation is the need of the hour and Tech Mahindra must see where they stand to face competition from infosys, TCS, WIPRO and other Mid cap entrants in telecom sector. Satyam Mahindra will be successful in retaining current business because of their knowledgebase but getting new business is still huge challenge. Non availability of financial statements for the last year is big black spot and no new client will place huge orders unless and until the financial picture opens up. Getting new business is becoming more tough when players like TCS, Infosys etc. are ready to snatch away the business and ready to negotiate competitive prices in the current environment. With this background retaining talent is another challenge because this talent can easily be attracted by other IT leaders. So though acquiring Sat yam is an excellent move taking this forward is a big challenge.. With all these challenges let us hope Tech Mahindra managment manages the figures and meet the investors expectations....
KIM ENG recommends `Buy` on Tech Mahindra
Posted by :
PSSR
KIM ENG Securities has initiated coverage on Tech Mahindra with a ‘Buy’ recommendation. It has set a target price of Rs 1213 on the stock.
“Tech Mahindra (TECHM) should perform well on an expected Rs 9 billion earnings contribution from 43%-owned Satyam Computer Services (now called Mahindra Satyam).
TECHM has managed Mahindra Satyam for 6 months and has improved its reputation after last year’s scandal and reduced financial risk. TECHM will also benefit from improving business for major client, British Telecom, which accounts for 50% of TECHM’s FY10F revenue and 60% of FY11F revenue.
Other positives for TECHM include declining SG&A, lower interest cost and an improving balance sheet (company is quickly paying down Rs21bn in debt associated with investment in Satyam). Our share TP for TECHM is Rs 1,213 with core business valued at Rs 892 (based on a PER of 15x FY11F) and the stake in Mahindra Satyam valued at Rs 321,” the recommendation said.
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Tech Mahindra Q2 Numbers : Snapshot
Posted by : pms.swastika
Tech Mahindra Q2 Numbers : Snapshot
Tech Mahindra, the telecom-focussed company, has restructured debt bringing down interest cost, improved operating margins despite a rise in pay, and also now has Satyam Computer Services with several clients in many industries helping it reduce the risk of concentration in telecom.
Amidst tepid revenue growth and falling profit sans extraordinary and non-operating items, the positive takeaway is the company’s growing presence in the domestic market and improvement in vendor accounts other than its biggest client BT.
At Rs 1,141.8 crore, revenue during the September quarter increased sequentially by 2.6% and fell by 2% from the year-ago period. Net profit grew 28.4% sequentially and fell by 44% annually to Rs 169 crore. Excluding non-operating items such as forex gain or loss and extraordinary items such as one-time interest outgo, the double-digit profit growth will reduce to a sequential rise of 7% and an annual drop of 43.6%.
A positive signal is that TechM has reported expansion in operating margin despite a salary hike of 6% for offshore and 2% for onsite. It is a result of 400-basis point improvement in utilisation. It has also restructured half of its total debt of Rs 2,179 crore at lower interest rates.
Tech Mahindra (TechM) is a niche IT exporter which provides services to global telecom players. Hence, its performance is closely watched to get cues about the state of telecom sector in various geographies, which are also serviced by other IT giants in India.
TechM has shown a sequential decline in revenue from BT in the second quarter estimated to be 6.5%. It reflects contract renegotiations at discounted prices. Further, the account is witnessing stagnation for the past few quarters due to BT’s poor performance.
Regards
Swastika PMS...
NSE Announcements on Tech Mahindra
Posted by : MMB MessengerTech Mahindra Limited has informed the Exchange regarding the resolution passed by the Compensation Committee of the Board of Directors of the Company in its meeting held on October 20, 2009 for grant 16,000 stock options (covering 16,000 equity shares of the Company) at an exercise price of Rs. 941 per share {being the latest available closing price on The National Stock Exchange of India Limited as of October 17, 2009} to certain employees of the Company and/or its holding and subsidiary companies, under Employee Stock Option Plan 2006 (ESOP 2006) of the Company....
NSE Announcements on Tech Mahindra
Posted by : MMB MessengerTech Mahindra Limited has submitted to the Exchange a copy of the auditors reports in respect of the Quarterly Financial Results for the quarter ended September 30, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
BSE Announcements on Tech Mahindra
Posted by : MMB MessengerTech Mahindra Ltd has informed BSE that the resolution passed by the Compensation Committee of the Board of Directors of the Company at its meeting held on October 20, 2009 for grant of 16,000 stock options (covering 16,000 equity shares of the Company) at an exercise price of Rs. 941 per share (being the latest available closing price on The National Stock Exchange of India Limited as of October 17, 2009) to certain employees of the Company and/or its holding and subsidiary companies, under Employee Stock Option Plan 2006 (ESOP 2006) of the Company....
Buy Buy Target 1150-1300-1500
Posted by : Border 25Excellent Result along with order...
Tech M press conference
Posted by : Guest
Observed following points while watching Tech Mahindra Management press conference on TV.
- Lack of conviction about business growth
- Confused BT Business envronment
- AT&T business subject to innovation and value addition. Where Company stands in these two skills?
Management is non commital.
- APAC, Middle East business growth is likely to face stiff competition.
Management talks about difficult environment. Hope management builds on right skills to face competition successfully. Telecom business demands innovation and value addition by way of adapting new technologies and efficient business processes. Tech M has to look at its capabilities in these two areas to beat the competition and spread the business away from British telecom..Wait & see how it performs...?????...
diappointing results
Posted by : Guestsee price of 800 this week...
NSE Announcements on Tech Mahindra
Posted by : MMB MessengerTech Mahindra Limited has informed the Exchange that the following decision/s taken at the meeting of the Board of Directors of the Company held on October 20, 2009: Mr. Vikrant C. Gandhe appointed as Company Secretary of the Company....
NSE Announcements on Tech Mahindra
Posted by : MMB MessengerTech Mahindra Limited has informed the Exchange regarding a press release dated October 20, 2009, titled "Tech Mahindra Q2 net profit up by 20.6% over the previous quarter". The Company has further submitted to the Exchange a copy of Fact Sheet giving certain operational financial parameters which will be put up on the Company website. A copy of the press release and the Fact Sheet shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Tech Mahindra
Posted by : MMB MessengerTech Mahindra Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 20, 2009, inter alia, has appointed Mr. Vikrant C. Gandhe as Company Secretary of the Company....
NSE Announcements on Tech Mahindra
Posted by : MMB MessengerTech Mahindra Limited has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2009 as follows: Net Sales of Rs. 216999 lacs for half year ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 34529 lacs for the half year ending on 30-SEP-2009....
