Monday, April 13, 2009

Tech Mahindra Wins Satyam

Tech Mahindra today won the bid for a 31% stake in Satyam Computers. It is estimated that the Tech Mahindra will pay Rs.1757 crores for the 31% stake. L&T was the other major which had participated in the bidding process. Spice Corp and Cognizant Technologies did not participate in the bid while the participation of private equity major Wilbur Ross could not be ascertained. Tech Mahindra won the bid by bidding at Rs.58 per share, a 23% premium to the last closing price of Satyam. Prof. JR Varma, in his blog, said that the acquisition was hugely beneficial to Tech Mahindra but detrimental to the interests of the Satyam shareholders. 

As far as the markets are concerned, one must wait for a fall before buying, cautions Devina Mehra of First Global. Mr. Jitendra Sriram, Vice President and Fund Manager - Equities at HSBC, feels that there seem to be more chances of the market coming down than going up. He says that the corporate results will set the course of the markets and that the burden of expectations in stocks may lead to a pullback.

I have talked a lot about dojis in my previous blog posts and this article clarifies the use of a doji as a reversal signal.

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Happy Investing!!!

Wednesday, April 8, 2009

Back in Business

Hi friends. A very warm hello to all of you. It's been ages since I last posted and I know a lot of my loyal readers have been looking for me. No explanations, no excuses, no reasons. I'll just say that due to unavoidable circumstances I have been unable to write. Things won't be very different in the future too. I will not be writing and sharing my analysis of the markets for some time to come. But yes, I am back and will try to share with you the views of various fund houses/brokers/analysts and any other thing about the market which I do find interesting. 

In today's series I have for you a beautiful article by the renowned technical analyst, Mr. Sudarshan Sukhani. This article is about buying on dips and he has beautifully explained the concept of making the entry and the exit at the right time. You can read the article by clicking here.

Mr. Jonathan Garner, Head - EM Strategy, Morgan Stanley said that global markets are still not out of the woods, though, he feels that risk appetite has returned and there is a possibility of the markets moving up further. You can have a look at the video here.

Mr. Seshadri Sen of Macquarie Research feels that the worst may be over and is expecting a one year target of 10000-10500 on the Sensex while Mr. Deven Choksey of KR Choksey Securities sees the Nifty bouncing back to 3750 levels by June this year. 

Please do subscribe to my posts, so that all posts are delivered free to your inbox and you don't miss any useful analysis of the markets in the future.

Happy Investing!!!