Mahindra Satyam advances on order win

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FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
MUTUAL FUNDS NET SELL RS.176.7 CR IN EQUITIES ON NOVEMBER 19
DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
TO ENTER INTO CUSTOMIZED MOTOR CYCLE BIZ VIA PRO-BIKING SHOWROOMS
TO EXPAND PANTNAGAR CAPACITY TO 70,000 UNITS IN NEXT FEW MONTHS
AKER IS A NORWEGIAN SERVICE PROVIDER CO FOR OIL AND GAS OPERATIONS
AKER SOLUTIONS TO PROVIDE SUPPORT SERVICES IN KG BASIN
AKER BAGGED SUB SEA PRODUCTION ORDER FROM RIL IN 2006 ALSO
RELIANCE IND PLACES RS.115 CR ORDER WITH NORWAY'S AKER SOLUTIONS
PORTING CHARGES TO BECOME APPLICABLE FROM DECEMBER 31, 2009
MNP ALLOWS USERS TO CHANGE OPERATORS WHILE RETAINING MOBILE NOS
USERS TO PAY MAX OF RS.19 TO CHANGE OPERATOR WHILE RETAINING OLD NUMBER
TRAI COMES OUT WITH NUMBER PORTABILITY CHARGES
PUNJAB NATIONAL BANK PLANS TO RAISE RS 700 CR BY SELLING BONDS
TATA TELE-QUIPPO OFFERING BETTER SERVICING DEAL FOR TOWERS: SOURCES
GTL BID 10-15% HIGHER THAN TATA-QUIPPO: SOURCES
DEAL VALUED AT AROUND RS.6000 CR : SOURCES
MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)

Updated: 04/11/2009 | 12:00 AM IST

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Wednesday, November 04, 2009 (New Delhi)

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The announcement was made after market hours on Tuesday, 3 November 2009.

Meanwhile, the BSE Sensex was up 399.78 points, or 2.60%, to 15804.72.

On BSE, 23.62 lakh shares were traded in the counter as against an average daily volume of 84.21 lakh shares in the past one quarter.

The stock hit a high of Rs 104.90 and a low of Rs 100 so far during the day. The stock had hit a 52-week high of Rs 319 on 3 November 2008 and a 52-week low of Rs 11.50 on 9 January 2009.

The stock had underperformed the market over the past one month till 3 November 2009, falling 15.93% as compared to the Sensex 10.09% fall. It underperformed the market in past one quarter, falling 4.26% as against 3.26% decline in the Sensex.

The large-cap software company has an equity capital of Rs 235.13 crore. Face value per share is Rs 2.

The current price of Rs 102.20 discounts the company's Q2 September 2009 annualised EPS of Rs 35.48, by a PE multiple of 2.88.

Potentially, the deal can generate $300-500 million over a 10-year period.

Mahindra Satyam and Saab have already initiated moves to set up a Centre of Excellence for Network Centric Warfare. One of the activities under this initiative is that Mahindra Satyam and Saab will jointly address the battlefield management system (BMS) for the Indian Army.

Mahindra Satyam, which counts Citigroup, GE, GlaxoSmithKline, Cisco Systems Inc and Nissan among its top five clients, has over 430 clients now. Over the last four months, the company, erstwhile Satyam Computers gained over 32 new customers including some large clients.

Satyam was acquired by Pune based IT services firm Tech Mahindra in April 2009, after the firm's defamed founder B Ramalinga Raju confessed to perpetrating India's biggest corporate fraud. Customer confidence took a knock after Raju's confession.

The company is attempting to regain contracts and enter into new strategic alliances to turn-around.

Mahindra Satyam's net profit rose 3.7% to Rs 597.43 crore on a 6.9% increase in sales to Rs 2700.52 crore in Q2 September 2009 over Q1 June 2009.

Mahindra Satyam is a global consulting and IT services company, offering a wide array of solutions; from strategy consulting right through to implementing IT solutions for customers.

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