Stock market analysts have maintained ‘buy’ rating on Satyam Computers stock with an intraday target of Rs 417.

According to them, interested traders can purchase the stock above Rs 413 with a strict stop loss of Rs 410. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 419.
 
Shares of the company, on Thursday (Aug 14), closed at Rs 411.90 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 523818. Current EPS & P/E ratio stood at 28.27 and 14.89 respectively. The share price has seen a 52-week high of Rs 544 and a low of Rs 305 on BSE.

The stock has great potential. It can still exhibit superb surge and it will achieve the target price as the company has robust growth plans and strong operating capabilities.

On Aug 13, the compensation committee of directors of Satyam Computer Services allotted 35,420 equity shares under the company’s stock option plans.

Consequent to the above allocation, the paid up share capital has climbed up 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.

Satyam Computer Services and RelWare, a leading developer of Web-based solutions for healthcare, on Aug 12, have signed up a deal to implement, customize, train, and supply specialized services for RelWare`s OneRecord™ solution throughout the world.

On Aug 8, the compensation committee of directors of Satyam Computer Services 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.

The company registered a 48% growth in net profit to Rs 5759.10 million for the quarter ended June 2008 from a profit of Rs 3891.40 million for the quarter ended June 2007.

Net sales rose 43.65% to Rs 25,269 million for the quarter ended June 2008 from 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 Infosys, HCL Tech and Wipro.