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Tech Mahindra on fire
Posted by :
swapnilmshahWhats the reason for this stock suddenly zooming up?...
Tech Mahindra on fire
Posted by : JuzmeWith the resistance of 995 broken,its heading towards 1200.Happy investing...
TECH MAHINDRA
Posted by :
VarnerThe worst does not look to be over at the moment. All the Asian markets have tanked aggressively, the effect may be there when we start trading tomorrow....
TECH MAHINDRA
Posted by : VarnerWill Tech Mahindra get the benefit of Satyam`s US Listing after the merger Satyam with it? ...
TECH MAHINDRA
Posted by :
shareking.co.in
TECH MAHINDRA
Last close 935.40
Catch this stock at the opening bell … Stoploss Rs.922..!!! It looks worst is over for this stock …. On the upper side it will zoom to Rs.948 where selling could emerge. Above this stock will explode to Rs.960, Rs.969 mark …!!!
Shareking Research
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TECH MAHINDRA
Posted by : shareking.co.in
TECH MAHINDRA
Last close 941.45
Catch this stock at the opening bell … It looks worst is over for this stock .. On the upper side it will zoom to Rs.953 where selling could emerge. Above this stock will explode to Rs.961, Rs.974 mark …!!!
Shareking Research
visit shareking.co.cc
Your Investment. Our Commitment.
10% per MONTH is just a click away...100% Assured
Disclaimer : Tips given here does not guarantee profits. FOr guaranteed profits, please visit shareking.co.cc...
Investment Portfolio
Posted by : BullSwapCan go upto 955 today!...
Investment Portfolio
Posted by : jalunm
Watch free stock blog jalunm.blogspot.c om. Only investment portfolio minimum 25%
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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....
