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| Helps you track stocks which are likely to show a significant move in the short term due to change in trader sentiment. |
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| Satyam Computer Services Ltd. |
Last |
Chg |
%
Chg |
Volume |
Year
H / L |
| SATYAM COMPU |
166.10 |
-11.45 |
-6.45 |
1,864,591,262 |
544.00 / 114.65 |
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| Satyam Computer is among the leading frontline stocks in the Indian software scene. The company has been a consistent performer in the last few quarters. The recently concluded third quarter too has been stellar with a 141.82 per cent in bottomline to Rs 87.51 crore on a revenue growth of 87.08 per cent to Rs 332.78 crore. While the performance of IT stocks is suspect to the slowdown in the US, Satyam has been trying to counter this threat is also exploring new markets. Satyam expects to add new clientele in the US by its low pricing since some companies in the US are trying to replace the existing high priced local vendors with overseas vendors such as Satyam. This is expected to lead to a sharp spurt in the company's offshore business. The company is also looking at Europe for new business opportunities. Satyam Europe has a dedicated centre for the European markets based at the company's software development centre at Basing stoke in UK. The middle-east is another market, which the company is bullish about. The stock has been hammered in line with the recent carnage at the bourses and is ruling close to its yearly low. Considering the company's capability to maintain its earnings growth in the future, the stock is expected to witness action in the coming days. |
| Date: March 21, 2001. Price:Rs 240 |
| Top |
| Corporation Bank |
Last |
Chg |
%
Chg |
Volume |
Year
H / L |
| CORPORNBANK |
202.50 |
6.45 |
3.29 |
4,375,215 |
470.00 / 155.00 |
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| Corporation Bank is one of the most fancied public sector bank stocks and offlate has seen hectic trading activity. Though the stock has marginally appreciated in the last few days, there is still a lot of steam left. There are few reasons for the bullishness in the stock. First, the government has announced further divestment in PSU banks. Since the fundamentals of Corporation Bank, are quite strong, this is the most preferred bank. Already some top private sector banks have made presentations and have shown their willingness to acquire a stake in the bank. Another aspect that would drive the stock is the expectation of a strong performance for the year ending March 2001. The bank has projected a net profit of Rs 300 crore for the current financial year 2000-01 (April-March), compared with a net profit of Rs 232 crore for the 1999-2000 financial year. The bank also expects the bank's loans to grow by around 20-22 per cent, which is quite good considering the current scenario of industrial slowdown. |
| Date: December 01, 2000. Price:Rs 85.85 |
| Top |
| Tata Iron & Steel Company Ltd. |
Last |
Chg |
%
Chg |
Volume |
Year
H / L |
| TATA STEEL |
247.35 |
17.70 |
7.71 |
873,439,847 |
942.00 / 146.35 |
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| Tata Steel, the country’s largest steel maker and is one of the lowest cost producers in the world, has put up a stellar show in the recent quarter. Net profit for the three months ended September 30 jumped 75.9 per cent to Rs 115 crore from Rs 65.4 crore in the same period last year. Sales rose to Rs 1,870 crore in the second quarter from Rs 1,707 crore. Tisco’s decade-long modernisation programme was completed this year. Tisco has spent nearly Rs 7,000 crore ($1.5 billion) to completely modernise its 90-year old steel plant, and had set up a cold-rolling mill. The reason for optimism is that this is just the beginning of the move up the value chain. Tisco is now looking at new areas of businesses. It plans to diversify and cut its debts with cash surpluses. The company management is also bullish on the third quarter. Steel prices are higher than last year and the company has resumed exports to southeast Asia after a gap of three years. The company has also developed USA as a new market after the south Asian crisis and will continue to reap more benefits in future. The demand surge in construction and infrastructure sectors augur for the steel company. The stock has offlate been witnessing good volumes and may appreciate further. |
| Date: November 03, 2000. Price:Rs 105.65 |
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