The Satyam stock will be removed from the NSE's benchmark Nifty and BSE Sensex starting Jan 12.
What now? Does this mean stock will cease to exist as on 12th Jan? What will happen to the stocks being held by people ?
I mean how can the trading go on if the stock itself is not listed on the exchange ?
The Satyam stock will be removed from the NSE's benchmark Nifty and BSE Sensex starting Jan 12.
What now? Does this mean stock will cease to exist as on 12th Jan? What will happen to the stocks being held by people ?
I mean how can the trading go on if the stock itself is not listed on the exchange ?
It will be replaced on Sensex and Nifty by some other company but it will still be listed on these stock exchanges. You probably need to know what Sensex and Nifty are.
"What is sensex" and nifty!
Oh... 
My Mistake.... Got a bit confused b/w the exchanges and the benchmarks...
one can go short on satyam especially in FnO..i myself earned considerable moolah with this strategy today...its risky in Futures given the high volatility this stock will see in next few days but its most rewarding as well...however do ur own research b4 plunging into it
as i had said earlier that one can go short on Satyam especially in FnO...the strategy paid very good intraday returns today as well
today also i sold it in futures ..it makes sense to make hay in turmoil
Warren Buffett,the legendary investor has rightly said " be fearful when others are greedy and be greedy only when others are fearful "
as i had said earlier that one can go short on Satyam especially in FnO...the strategy paid very good intraday returns today as well
today also i sold it in futures ..it makes sense to make hay in turmoil
Warren Buffett,the legendary investor has rightly said " be fearful when others are greedy and be greedy only when others are fearful "
With the Govt moving in.... the stock may see an uprise ... ???
Federer SaysWith the Govt moving in.... the stock may see an uprise ... ???
Probably yes, Satyam might go up tomorrow when Markets open for trade....however, I believe in longer term prespective this scrip will hover at these levels only 20-30 levels, given -
1. The Company has delayed its filing {they were supposed to announce numbers on Jan 12}. It will be difficult for Satyam to evaluate its liquidity condition. The Company has inadequate cash which could be a concern for creditors.
2. The Company has announced no compensation to its employees for two months {I saw that in a public newspaper}, which could enhance attrition levels in the organization, and significant impact on contracts they have from clients. Just to point out, the Company spends around 500 Cr every month on compensation, they will be saving close to 1,000 Cr in two months by doing this.
3. NYSE has suspended trading for Satyam's ADR, given the ADR is already at 0.01 was down 99.89% in couple of hours of trade, after that the trading was suspended. It is important to understand after these events, Satyam could face ban from major banks, Satyam's 30 bank accounts are taken over {freeze} by Citibank. The Company willl find it difficult to raise cash for operations going forward.
To cut the long story short, I just need to know if I can buy a few shares of Satyam now? I am looking for long term investment.
sreyu_2k SaysTo cut the long story short, I just need to know if I can buy a few shares of Satyam now? I am looking for long term investment.
If you are looking for long term investment it is not advisible to buy Satyam when there are so many attractive stocks both in the IT sector as well as other sectors.At this point of time the investigations are not complete and no one is clear about the depth of the fraud and the financial situation of the company.
sreyu_2k SaysTo cut the long story short, I just need to know if I can buy a few shares of Satyam now? I am looking for long term investment.
I liken this question to playing in a casino
If you wanna try your luck, buy a few hundred shares and forget about them. Time will tell where they take you! 😁
Nice thread guys....i am scrolling through pages now...!!
I am quite amazed with movement of Satyam's stock. It went up by more than 17% today closing at 55.60. The same stock that made so many people paupers will have given enormous gains to the folks who dared to enter at dirt cheap levels a few weeks ago.
Digital_Saint SaysI am quite amazed with movement of Satyam's stock. It went up by more than 17% today closing at 55.60. The same stock that made so many people paupers will have given enormous gains to the folks who dared to enter at dirt cheap levels a few weeks ago.
that is because of the people buying the share who had short-sell the share the day it fell to 6 bucks ..
Now how much money they could have made with that.
that is because of the people buying the share who had short-sell the share the day it fell to 6 bucks ..
Now how much money they could have made with that.
I am curious to know how you concluded that it was short-covering and not fresh interest because Larsen increased its stake?
that is because of the people buying the share who had short-sell the share the day it fell to 6 bucks ..
Now how much money they could have made with that.
Prima facie your post sounds as if people make money by short selling a stock at bottom. I hope my interpretation is wrong here.
Well actually, it was L&T;'s increase in satyam's stake which lead to increase in share prices of satyam but it is one thing that is actually inexplicable that why L&T; had to announce their stake in satyam, so that it will pull up the market demand for satyam and finally the share prices too. And then L&T; have to pay more for the take over. :sarcasm:
Must be some new business strategy.:new_Llol:
Think about it.
Regards
Elixir19
Well actually, it was L&T;'s increase in satyam's stake which lead to increase in share prices of satyam but it is one thing that is actually inexplicable that why L&T; had to announce their stake in satyam, so that it will pull up the market demand for satyam and finally the share prices too. And then L&T; have to pay more for the take over. :sarcasm:
Must be some new business strategy.:new_Llol:
Think about it.
Regards
Elixir19
When a company like satyam is always in the news....when L&T; increses it stake(let us assume it had not declared publicly) wouldn't the news have leaked anyways??
So based on this its better to declare it publicly...although even i agree that it would shore up L&Ts; acquisition cost(if it happens)
Please correct me if I'm wrong....
Actually it was announced publically and only after that satyam's stock reached a higher price. The race to buyout satyam was joined by Spice and now fidelity has actually purchased large volumes of satyam.
The trend which is been observed that FIIs are showing interest in satyam, this means that a retail investor like us can,too, buy satyam, its good time to do that.
Well actually, it was L&T;'s increase in satyam's stake which lead to increase in share prices of satyam but it is one thing that is actually inexplicable that why L&T; had to announce their stake in satyam, so that it will pull up the market demand for satyam and finally the share prices too. And then L&T; have to pay more for the take over. :sarcasm:
Must be some new business strategy.:new_Llol:
Think about it.
Regards
Elixir19
its pretty much the norm for companies to disclose open market purchase..SEBI has guidelines for same ..as such these are bulk trades and the information concerning them is readily available at end of day
LnT is actually running with the hare and hunting with the hound ...on one side we have A.M. Naik telling media that he will not purchase more of satyam and on the other hand LnT makes open market purchase and makes presentation to satyam board and lobbies with minister of company affairs for getting management control of Satyam !
Satyam has a list of marquee clients who have still not deserted it and fledgeling IT entities like LnT infotech finds them to be the right strategic fit for their inorganic growth
Yes I know that it is mandatory for companies to declare their holdings to SEBI but shouting out loud that L&T; wishes to buyout satyam is a bit strange because it will make costlier for L&T; to buy the pie.
Fidelity, one of the largest FIIs in India has also bought MASSIVE volumes of satyam but they didn't declare it publically. And yes your status message is correct.."India finally has its Enron."
Elixir19
Yes I know that it is mandatory for companies to declare their holdings to SEBI but shouting out loud that L&T; wishes to buyout satyam is a bit strange because it will make costlier for L&T; to buy the pie.
Fidelity, one of the largest FIIs in India has also bought MASSIVE volumes of satyam but they didn't declare it publically. And yes your status message is correct.."India finally has its Enron."
Elixir19
it isnt that LnT is shouting out when its making those purchases but in this era of 24*7 news and with satyam hogging most of primetime news on biz channels its only natural that media will get hold of management for some quotes
fidelity management too was on news channels(cnbc tv 1
to give their view regarding purchases made by them n rising share price is also a measure of shareholder confidence in it...lots of retail investors have made a gud moolah on this counter since past few weeks first by shorting n then going long...urs truely is a party to this crime