Thursday, July 7, 2011

Mahindra Satyam: Target Rs 109

IIFL Institutional Equities upgrades Mahindra Satyam to a ‘buy’ with a target of Rs 109. Mahindra Satyam is not 'back on track', but they believe it is very close to being so. Embargoes have been lifted at almost all the clients, though very few still exist. Operationally, its inefficient pyramid indicates large scope for margin expansion.


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