==>> Tech Mahindra buys out Satyam

Nifty for the day closed at 3382 after making high of 3417. The last time the Nifty made a this high was in Oct 2008. Nifty once agained faced some selling pressure or profit booking at 3400 levels. Sensex made a high of 11069 before closeing at 10967.
Tech Mahindra has bagged Satyam for Rs 58 per share for the controlling stake of 51%. Total amount will be Rs 2889 Cr, pegging the total value of the company at Rs 5,665 crore. In the first stage, Satyam will issue 30.27 crore shares to TechMa, representing 31% of the company's share capital, which will infuse Rs 1,756 crore into the company. In the second stage, Tech Mahindra will have to mandatorily make an open offer to Satyam's existing shareholders for another 20%.
Tech Mahindra's bid is fare at Rs 58 per share, the combined value of its land bank and its campuses comes out to be over Rs 4000 Cr at the given rate. Satyam's last reported annual revenue at Rs 8400 Cr. If we discount it by 50% comes to around Rs4000 Cr. The Final valuation comes to Rs60 per share.
Few calls given in the past
On April 08th
Bartronics @ 95 tgt 105, touched a high of 103.8.
Rel Capital @ 456 tgt 478, touched a high of 494
Punjlyod @ 109.5 tgt 115, touched a high of 119.45
On APril 02nd
Tata Steel, ICICI Bank, RIL, GVK power, Satyam, suzlon. DCB, NTPC all did marvelosusly good. Except PFC.

WE MIGHT SEE SOME CORRECTION.