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%.

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.

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

P-Sec is bullish on Ashok Leyland and maintained buy rating on stock.

Today, PTC India zoomed 10.23% to Rs 98.60, expanding its surge over the past few days.

The stock market broadened and saw new peaks as projected and creating history by reaching the historical 15000 mark.

Now the market is trading in blue sky territory. Technically the tendency is still unbroken and there is no symbol of failing though the stock market is in a extended terrain. The other logical technical target in the days to come is 15379.