TECHM & SATYAM to see more upside

TECHMAH & MAHSATYAM look good for 5-8% upmove in days to come as long waited result and merger of the company would clear many doubts, by merger of 2companies would improve business prospects as strength of Mahindra management and multiple vertical and wide client base of MAHsatyam would benefit both companies.

News

Mahindra Satyam will finally come out with accounts for two financial years of 2008-09 and 2009-10 on September 29. The company is expected to announce a roadmap for the merger and integration with Tech Mahindra and likely shift of headquarters from Hyderabad.

Tech Mahindra will initiate its merger with Mahindra Satyam after the latter’s board meeting on September 29 and the process will be completed in 6-8 months, sources told FE on Tuesday. http://www.financialexpress.com/news/tech-msatyam-merger-in-six-months/685516/

TECH MAHINDRA Rs 750 is moving higher with volumes and broke out above short-term down trendline. In current move stock can reach Rs 825-830 levels and one can buy this stock from 3-4 month perspective.

SATYAMCOMP Rs 100 has moved after merger with TECHM news. Stock still looks good for Rs 108-110 targets. It has closed above 200DMA making it an important crossover buy signal.