Hold Mahindra Satyam With Target Of Rs 74

Hold Mahindra Satyam With Target Of Rs 74Technical Analyst Pradeep Surekha has maintained 'hold' rating on Mahindra Satyam Limited stock to achieve a target of Rs 74 once it crosses its resistance of Rs 67.

Mr. Surekha said that the investors can hold the stock with a stop loss below Rs 60.

Today, the stock of the company opened at Rs 65.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 113.80 and a low of Rs 55.50 on BSE.

Mahindra Satyam has declared that its Oracle Practice has inked a deal with OMRAN, the firm commanded by Oman administration to deliver big projects and handle tourism assets as well as investments.

The deal will be implemented in cooperation with Bahwan IT, Mahindra Satyam's local associate in Oman to execute Oracle ERP, Mahindra Satyam.

Eng Wael bin Ahmed Al Lawati, Chief Executive Officer, OMRAN stated, "We selected Mahindra Satyam as our partner for the Oracle ERP implementation because we recognised its excellence and competence and the result of years of global Oracle experience. Mahindra Satyam and Oracle''s solutions will support OMRAN at all levels and will help streamline the various units and enable an orderly growth of our business."

Mahindra Satyam's execution of the ERP system will consist of solutions crosswise finance, HRMS, and payroll and procurement jobs.

But, Mahindra Satyam has not disclosed commercial conditions of the deal.