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Sell Satyam: Indiabulls Securities
Indiabulls Securities Research has recommended a sell rating on Satyam Computer Services. The research firm expects Satyam to report operating losses in the medium term.
Indiabulls Securities Research has recommended a sell rating on Satyam Computer Services in it January 8, 2009 research report. "We expect Satyam to report operating losses in the medium term. Its operating margins are already very low at 3% (relative to the peer group average of 22%), and are likely to fall further due to lower employee engagement, increasing client and employee attrition, and the diversion of management attention towards investigations, lawsuits, and public scrutiny, Sell," says Indiabulls Securities' research report.
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