Buy Satyam At This Level Also Suggested by www.icicidirect.com

News On Fly
Satyam sees FY09 margins improving 50 bps
Satyam Computer Services Ltd, India's No. 4 software services exporter, expects to see margins for the full year to March expanding by 50 basis points, despite wage increases and a fluid environment.

In April, Satyam had said operating margins for the full year could be flat to 40-50 basis points lower.

ICICI bank's icicidirect.com last week suggested for Satyam as stock pick, with potential upside of 20% ie 554/-

Today Shares of Satyam Computer Services are trading at Rs 386.20, down Rs 27.85, or 6.73% at the BSE (10:43 a.m.), inspite of 48% jump in its net profit for June 2008 quarter, ie 29.01% from its 52-week high of Rs 544.00 and above 26.62% over the 52-week low of Rs 305.00.

Satyam Computer Services Ltd today announced Q1 profit Results of Rs 5,759.10 million as against Rs 3,891.40 million in quarter ended June 2007.

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My suggestion is buy at this level and sell above 470, I am observing this scrip this is good bet, and one can surely make profit out of it.
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