Stock Trading Tips, Analysis & News

Railway Stocks up today as rail budget going to declare today

Kalindee Rail :- Up by 12.75%  (145.80 to 163.60)
BEML :- Up by 4.33%  (394.90 to 412)
Texmaco :- Up by 7.25%  (57.90 to 62.10)
Titagrah Wagons :- Up by 6.51%  (246.50 to 262.50)
Stone India :- Up by 4.88%  (22.55 to 23.65)
Kernex Micro :- Up by 9.97%  (85.75 to 94.60)

These are positions by 12.20 clock at 13 Feb.

After continuous 8 days downtrend from 61 to 41 finally Satyam showed green today, its like Oasis in Desert for investors who holding Satyam share.
Satyam traded with high volume today & there is too much volatility at this counter, At beginning it declined by 2-3% to show 41.15 as days low and suddenly in few minutes it rise to 48.35 days high, at end of day it stabilized at 47.15.Today it traded with 53205035 volumes and ranked 8th among active stocks at NIFTY.
Karnik said the company’s long-term plan would be in place in seven to 10 days. He added that the beleaguered tech firm was yet to pay February salaries to its employees but was in a position to do so.
There is news that bidding for strategic partner for Satyam will start soon.Bidding will take place in 2 phase.The debate over whether Satyam will induct a strategic partner through a bidding process seems to be over. The board is clear it will be through a bidding process. Moreover, the board which meets in Mumbai on Thursday is also expected to discuss appointing an independent committee to oversee the bidding process.independent committee headed by a retired Supreme Court judge would oversee this bidding.
Satyam will lay down stiff eligibility norms for the bidders; wherein the potential acquirer must have a sound IT track record and they would have to subscribe to fresh shares as well.
Sebi is close to finalising the norms for acquirers in special circumstances like Satyam. Sources that special circumstances would be triggered in the event of government or CLB or regulators superseding a board. The request for waiver of ordinary takeover norms would come from the company’s board and not the acquirer.
Hope it will cross 50 mark soon.

Satyam got 15 new contracts in January monthm most of then are insurance and phrmacutical companies. Two of them are from JP Morgan chase and 95% of old top clients are still with Satyam. I think if Satyam continue getting such contracts per month its value can be 150+ within next 5-6 months. Meanwhile SEBI has got permission from AP Highcourt to question Raju, Market discounted this news which in result led to 6.27% fall in Satym’s price and it closed at 53.75 by end of day.

There is lot of confusion regarding open offer price of Satyam as SEBI said yesterday in Press Conference that price before 7th January is not valid and even price after 7th Jan is not valid as well. So according to many experts Satyam’s open offer price will be closely related to its current market price. It may slight above/below current market price.

There are many companies in race for acquiring Satyam which includes  L & T, iGate global, Hinduja Global, Spice Tele, Tech mahindra. So once open offer price declared bidding will happen which can trigger share price by 25% to 50% from open offer price. We can hope for best.