MARKET EYE-Kotak downgrades India's Satyam after Q3 earnings

Fri Feb 1, 2013 11:11am IST

Related Topics

Stocks

   
Inside the Peshawar school

Inside the Peshawar school

The aftermath inside the Pakistan school where at least 132 students and nine staff members were killed by Taliban gunmen.  Pictures 

* Kotak Institutional Equities downgraded Satyam Computer
Services Ltd to "reduce" from "add", noting
October-December revenue growth was "muted", given the impact
from furloughs in the high-tech and manufacturing segments.
* Kotak adds Satyam shares, also called Mahindra Satyam ahead of
a pending merger with Tech Mahindra, are trading at fair value
after gaining over the past few quarters.
* On Thursday, Satyam Computer reported a 20.6 percent rise in
third-quarter profit before a one-off loss. 
* Shares fall 1.8 percent as of 0533 GMT.

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
FILED UNDER:

Economic Pulse

REUTERS SHOWCASE

Hope for SpiceJet

Hope for SpiceJet

Former SpiceJet owner leading rescue plan: reports.  Full Article 

Oil Prices

Oil Prices

Oil rallies above $60, heads for 4th weekly decline on glut.  Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Reuters Exclusive

Reuters Exclusive

Google aiming to go straight into car with next Android – sources.  Full Article 

Chinese Economy

Chinese Economy

China revises up size of 2013 economy, sees no effect on 2014 growth.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage