After previous close at Rs 160.60, Stayam Computer Services is currently trading Rs 12 up at Rs 172.60 i.e. 7.47% up at BSE on Dec 31 at 12:01 pm.

The stock closed at Rs 160.70 yesterday (Dec 30), but it is currently trading Rs 12.25 up at 172.95 i.e. 7.62% up at NSE on Dec 31 at 12:11 pm.

The stock still has great potential to go up. It is advised to hold the stock.

Portfolio Manager, PN Vijay said reckons that above Rs 205, Satyam can touch Rs 217.

Nagpur - based Confidence Petroleum has informed that it has acquired 80% equity stake in Garg Distilleries, for an undisclosed amount.

Garg Distilleries Pvt. Ltd, is an unlisted, closely-held ethanol manufacturing unit, located near Dhule, Shirpur (Maharashtra State) having an installed capacity of 32400 KL per annum and crude oil distillation of 12000 KL per annum.

Independent Director Mangalam Srinivasan announced her resignation from the board after the company called-off the Maytas Deal. Srinivasan had voted in favor of acquisition of Maytas Infra. Technical Analysts and Industry experts had questioned the role of Independent directors in the decision of Satyam promoters to acquire Maytas Infra.

As expected, Indian stock markets opened positive on Monday. Asian markets were trading positive as well.

Karvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Industries Ltd (RIL) stock with an intraday target of Rs 1250.

According to Karvy, interested traders can purchase the stock between Rs 1185-1190 with a strict stop loss of Rs 1160. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 1258.
 

Stock market analysts have maintained ‘buy’ rating on Reliance Communications (RCom) stock with an intraday target of Rs 221.

According to analysts, interested traders can purchase the stock above Rs 206 with a strict stop loss of Rs 198. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 228.