Satyam Computer Services is a good buy at current levels. The stock has lost over Rs 60 today and is currently trading at Rs 166. Investors can pick the stock at current levels as the fundamentals are strong. Citi rated the stock sell on basis of Corporate Governence issues and not on lower business. The company’s plan to get into other sectors has been condemned by various Institutional Investors.

Hyderabad-based infrastructure firm, Lanco Infratech has informed that the Board of Directors of its subsidiary Lanco Hills Technology Park Pvt. Ltd (LHTPPL) has decided to de-merge LHTPPL into two entities, subject to statutory and various other approvals.

With the de-merger of LHTPPL, the SEZ business would be retained by the existing LHTPPL and the non-SEZ business would be de-merged into a separate company.

The de-merger would be effective from April 1, 2008.

Many stock analysts are bearish on the Lanco Infratech stock in the short-term. They expect that the stock’s medium-term downtrend will persist until the stock crosses its resistance of Rs 105 in the short-term.

Construction and civil engineering firm Hindustan Construction Company (HCC) has informed that Bank of India has invested Rs 150 crore in Lavasa Corporation Ltd (LAVASA), a subsidiary of HCC (Hindustan Construction Company Ltd) in the form of Convertible Debentures. 

Based on the above investment, the equity valuation of LAVASA gets reconfirmed at Rs 10000 crore. Earlier, Axis Bank Ltd had invested Rs 250 crore at the same valuation. 

Oilfield services firm Aban Offshore has informed that it has entered into an agreement with Husky Oil for leasing its jack up rig 'Deep Driller 5' offshore for drilling operation in China. .

According to official sources, the three-month contract would yield estimated revenue of $38.70 million (Rs 178 crore), for Aban Offshore, Subject to the fulfillment of conditions.

The deployment is to commence in direct continuation of its present contract, which is anticipated in the first quarter of 2009.

Larsen and Toubro (L&T), India's largest engineering and construction conglomerate, has informed that its heavy engineering division has secured an contract worth US$ 160 million from Petrobras, to manufacture and supply 10 Hydrotreating Reactors and 12 Coke Drums for Petrobras 200,000 bpd Northeast refinery project in Brazil.

The company claims that the latest deal is the largest order ever received by L&T from South America.

According to the company, the reactors will be manufactured using advanced technology steels containing Chromium, Molybdenum and Vanadium, whilst the Coke Drums will be manufactured using Cr-Mo steel.

These Reactors and Coke Drums are scheduled to be delivered to the refinery in Brazil in the fiscal 2010-11.

Anand Rathi Securities has suggested a buy call for Tata Motors with a medium term target of Rs 520. Investors can consider entering the stock at current levels with a stop loss of Rs 399.

Tata Motors looks good for medium term as the 14-day RSI shows signs of stock being oversold. Tata Motors recently announced its plans to foray in to Electric Car market.

Brokerage has also suggested a buy call for JP Associates. Investors can consider buying the stock at current price with a stop loss of Rs 168. The stock can go above Rs 230 levels in medium term. Above Rs 235, the stock may test Rs 255 as well.

Beijing - Stocks in mainland China rose sharply Monday, led by commodity-related shares as the prices of raw materials rose and demand for them was expected to continue to go up as well.

The CSI 300 Index, which tracks yuan-denominated A shares listed on the mainland's two exchanges, rose 195.12 points, or 5.34 per cent, to close at 3,845.82.

The Shanghai Composite index was up 153.37 points, or 4.45 per cent, to 3,599.62 while the Shenzhen Composite Index gained 61.73 points, or 6.14 per cent, to end at
1,067.62.

Hindalco Industries is a on a constant uptrend, with increase in the share price headed by market anticipations that supporters may acquire shares from the open market to ward off a takeover.

The stock had gush forth on deep volumes early this month. It has been on a continued increase since then amid irregular heave in daily trading volumes. In the past one month to 22 June 2007, the stock went up 18.38% to Rs 170, as against 1.75% rise in Sensex. The stock exceeded the stock market in the last three months period also, ascending 25.4% verses 8.89% rise in Sensex.