Monday, January 19, 2009

Sega goa, Satyam Buy

The stock of Satyam (Rs 24) might see a positive opening, as investors might bid up the shares of the firm following news reports that Engineering major Larsen & Toubro might be interested in acquiring Satyam Computer Services

There was some buying seen in the midcap space especially in PSU firms like Neyveli Lignite, which has seen some buying interest and a spike in the price on huge volumes. Commodity stocks might gain futher after a decent move on Friday, reflecting the global trend in metal prices. Tata Steel and Sterlite Ind might be the beneficiaries of this trend

We also advice investors to watch out for the so called 'Green' stocks, which might be the beneficiaries of the new Obama policies in the US. Wind energy major Suzlon (Rs 50.55) and Solar wafer manufacturer Moser Baer (Rs 70) are the stocks to watch out.