Satyam Computer Services has reported results for the year ended March 31, 2013.
The Company has reported 25.02% drop in FY13 net profit at Rs 901.88 crore as compared to Rs 1202.80 crore for the year ended March 31, 2012. The company’s total income has increased by 16.53% at Rs 7404.78 crore for the year as compared to Rs 6354.35 crore for the previous year.
On consolidated basis, the Group’s net profit after tax and minority interest declined by 10.85% at Rs 1164.32 crore for the year ended March 31, 2013 as compared to Rs 1306.06 crore for the year ended March 31, 2012. Total Income has increased by 17.56% to Rs 8011.11 crore for the year under review from Rs 6814.46 crore in the previous fiscal.
Technical study of SATYAM – technical chart of satyam clearly indicate that it enter into selling mode from 125 level and tested near 100 level. current chart suggest that it has strong resistance between 115-120 zone and having strong support at 100 level. we can clearly see that at present its trading between trend-line and also in between 100MA and 200 MA level.
so we advice to keep your position or take any new entry beyond given levels only for long-term gains.