Short Term Buy Call For Mahindra Satyam

Short Term Buy Call For Mahindra SatyamTechnical analyst SP Tulsian has maintained 'buy' rating on Mahindra Satyam Ltd stock with a short term target of Rs 80.

According to analyst, the stock can achieve the said target within a period of two months.

The stock of the company, on November 30, closed at Rs 62.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 120.85 and a low of Rs 61 on BSE.

Mahindra Satyam, which got de-listed from NYSE in September, stated that it has nominated 3 new executives for its functioning in America with the intention of reconstituting business in that section.

Lakshmanan Chidambaram, who recently becomes part of Mahindra Satyam from Syntel Inc, will look after the banking as well as financial services, production, health care and life sciences sections, and BPO biz unit.

Mahindra Satyam declared that it has inked a worldwide partnership deal with Stratus Technologies to mutually offer up consulting services, solutions and goods to clients all over the world.

Stratus offers up technology solutions to diminish downtime or the indefinite quantity of critical applications.

Its clients' list comprises NSE of India, New York Stock Exchange, Shanghai Stock Exchange and Amex.