Stock market analysts have maintained ‘buy’ rating on Satyam Computers stock with an intraday target of 400.

According to them, interested traders can purchase the stock above Rs 394 with a strict stop loss of Rs 390. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 404.
 
Shares of the company, on Monday (Aug 25), closed at Rs 419.10 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 663401. Current EPS & P/E ratio stood at 11.71 and 19.50 respectively. The share price has seen a 52-week high of Rs 544 and a low of Rs 305 on BSE.

The stock has good potential and it can still exhibit superb surge. Yesterday (Aug 25), the technology sector performed well and gained 23.05 points at last, to close the day at 3020.76. Today, there are great expectations from Satyam, HCL Tech and Infosys. So grab these stocks and reap gains.

Satyam Computer Services declared that it has been nominated a ‘Global Partner’ for SAP, the market and technology leader in business software solutions, at SAPPHIRE 2008, SAP’s international customer conference.

In proportion to its new partner status, Satyam also announced that it decided to swell the reach of its SAP solutions by increasing its number of international SAP consultants from 5,000 to 6,800 by 2008-end.

The company, on August 19, said that the company’s compensation committee of directors allotted 148,736 equity shares under stock option plans of the company.

On Aug 13, the committee allotted 35,420 equity shares under the company’s stock option plans.

Consequent to the above allotment, the company’s paid up share capital surged from 672,972,961 equity shares of Rs 2 each aggregating Rs 1,345,945,922 to 670,008,381 equity shares of Rs 2 each aggregating Rs 1,346,016,762.

Moreover, Satyam, on Aug 12, signed a JV deal with RelWare, a leading developer of Web-based solutions for healthcare in order to implement, customize, train, and supply specialized services for RelWare`s OneRecord™ solution all over the world.

On Aug 8, the company’s compensation committee of directors allotted 35,005 equity shares, under stock option plans of the company.

The company on Aug. 04, 2008 announced that it has partnered with ChangeBASE, the London-based maker of the AOK suite of compatibility products.

Satyam recorded a 48 percent growth in net profit for the three months period ended June 2007. The quarterly profit of the company stood at Rs 5759.10 million as against a profit of Rs 3891.40 million. Net sales zoomed 43.65% to Rs 25,269 million for the same period, as against Rs 17,590.80 million for the quarter ended June 2007.

Other stocks from the same sector that looks good for short-term as well as long-term trading includes TCL, Infosys, HCL Tech and Wipro.