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Research firm Khandwala Securities has recommended collected rating on Satyam Computer Services.

Khandwala Securities report on Satyam computers:

Consolidated Results for quarter ended June 30, 2007

• Revenue was Rs 18, 302 million, YoY increase of 26.8% and a sequential increase of 2.9%.
• Net Profit after Tax was Rs 3,783 million, YoY growth of 6.9% and a sequential fall of 3.9%.
• EPS was Rs 5.7, a YoY increase of 4.4% and a sequential fall of 3.9%.

Jindal Stainless climbed up 4.71% to Rs 162.25 on reporting 62.6% increase in net profit in Q1 June 2007.

The company declared the Q1 results in market hours yesterday, 23 July 2007, when the stock benefited 2.07% up at Rs 154.95.

It was an incredible closing for the stock markets yesterday regardless of some feeble international signals.

The Sensex and Nifty closed on a new record high, each up 1%. Sensex closed above the 15,700 mark, while the Nifty closed the day above 4,600.

Amit Dalal of Amit Nalin Securities thinks that 16,000 for the stock markets seem very likely.

Even Ram Kolluri, President and CIO, at Global Investment Management feel that the global momentum will spread out into the Indian markets too.

Hyderabad: The General Manager of Satyam Computer Services Satya Vedula was kidnapped from Secunderabad, the twin city of Hyderabad.

Mr. Vedula was abducted when he had gone to drop his son to school in Bhopalpuram area. His wife filed a complaint with the police when he didn’t come back to his home.

No more information is available with the Hyderabad police on his situation or who is after his kidnapping plan. No one is reported to have witnessed his abducting.

Gangtok: Shyam Saran, special representative of Prime Minister, Manmohan Singh stated that Sikkim can play a key role in cross-border energy trading with bordering countries including Nepal, Bhutan and Bangladesh by harnessing its hydel power prospective to the full.

Broking house, P-Sec is bearish on ACC and has recommended sell rating on the stock with