Stock market analysts have suggested traders to buy Satyam Computer to achieve an intraday target of Rs 71.

According to them, interested traders can buy the stock above Rs 66 with a stop loss of Rs 64.

If stock market remains positive, the stock pricing may become more attractive, and reach above Rs 73.

Shares of the company, on Tuesday (June 09), closed at Rs 66.85, up Rs 6.05 from its previous closure of Rs 60.80 on the Bombay Stock Exchange (BSE).

Current EPS and P/E of the stock stood at 21.32 & 3.14 respectively. The share price has seen a 52-week high of Rs 502 and a low of Rs 11.50 on BSE.

Satyam Computer Services announced a standalone net profit of Rs 520 million for the month ended February 2009.

According to the record maintained by Satyam, the company had earned a net profit of Rs 40 million in January 2008.

The total income during the month was Rs 6.37 billion, where the same in January 2008 was at Rs 6.47 billion.

During the October-December period, Satyam, which has been bought by Tech Mahindra in in April 2009, registered a net profit of Rs 1.81 billion.

The total income in December 2008 stood at Rs 22.06 billion.

On June 05, Satyam Computer Services declared that Tech Mahindra has extended the date for approaching the company’s stockholders regarding its Rs 11.54 billion open offer for buying a 20% equity stake in the scam-hit company.

The board meeting of Satyam Computer is likely to be held on June 11 after its new holder Tech Mahindra takes charge and the directors may draw a consensus on laying off as many as 5,000 employees in phases.