[T.S.R:15823] Mahindra Satyam: Update – Downgrade to Market Perform with Underperform bias

-         The disappointing numbers increase probability of  an adverse merger ratio vis-à-vis Tech Mahindra

-         Driving recovery in revenue & profitability still remains an uphill task despite recovery in overall demand environment for IT services…

-         Business outlook, Salary hikes & higher attrition rate to limit significant margin recovery ahead…

Read on for the details…

 

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Thanks & Regards

Amit Chandra

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