Mahindra Satyam Brokerage: Goldman Sachs Rating: BUY Target: Rs 109 Rationale: Dollar revenues came in-line with estimates, EBIT margins compressed on account of one-off software amortization, forex impact and higher year-end SG&A provisioning. Satyam also announced its first ever dividend post its restructuring.
United Spirits Brokerage: Deutshce Bank Rating: BUY Target: Rs 2700 Rationale: While headline volume growth of 4% was disappointing, it has outperformed industry growth of 2%. Deutshce bank expects 20 billion rupees to flow in through preferential allotment in the first half of FY14.
Bajaj Auto Brokerage: JP MORGAN Rating: UNDERWEIGHT Target: Rs 1800 Rationale: The brokerage expects the stock to underperform given rising competition and the gradual industry shift to scooters in the product mix.
Cairn India Brokerage: UBS Rating: BUY Target: Rs 445 Rationale: Cairn's aggressive drilling plans with 450 wells, 9-rigs and capex of over two billion dollars over the next three years could show encouraging results. Growing netcash and a likely hike in dividend pay-out will be positive.