Stocks - Q : Quality | V : Valuation | PT : Price Trend
Funds - P : Performance | Q : Quality
Funds - P : Performance | Q : Quality
crackcrackAt least eight serious suitors have entered the bidding fray for the fraud-hit Satyam Computer Services, belying expectations that the companies interested in buying a scandal-ridden firm will be fewer in number. Among those who enlisted for the bidding process includes multinationals, private equity funds and a line-up of tier-II Indian IT firms and one top-ranked major.
Three Indian firms — Tech Mahindra, L&T and Spice Corp — went public with their participation in the bidding process that kicked off on Thursday. The Satyam board is expected to go through the list of enlisted players on Friday morning. While there were numerous frivolous registrations, there are 8-9 fairly serious bidders who have registered.
It is learnt that there are MNC suitors, who have entered the fray, through special purpose vehicle (SPV) structures in an apparent move to insulate themselves from future legal risks. The structure and exact nature of the SPVs are not clear at this stage.
The next stage in the bidding process is the submission of the expression of interest (EoI) along with proof of $300 million cash. This is supposed to happen by March 20. At this stage, the bidders will have access to a ‘broad set of numbers’, as they get ready to put in a price bid. Sources said the Satyam board was optimistic about wrapping up the process by mid-April ahead of the general elections, even though a majority of the industry experts remain skeptical.The US-based Hewlett-Packard and Computer Sciences Corporation (CSC) had also expressed their interest for the beleaguered firm, though ET could not verify it with the companies. Both the companies are believed to have shown interest and studied the issue, but have refrained from putting in a formal offer. Also the lack of clarity on Satyam’s financials and its legal liabilities has discouraged several participants. The Hinduja Group, which had expressed interest in Satyam, dropped out citing the unquantifiable legal liabilities of Satyam.
| Company Name | CMP |
|---|---|
| TCS | 3447.35 |
| Infosys | 1480.20 |
| HCL Tech. | 1579.30 |
| Wipro | 240.80 |
| Tech Mahindra | 1461.50 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
100% Secure Process
Account Discovery
- OTP from CAMS
Account Linking for Stocks & MF
- One OTP per link Eg. NSDL, CDSL, CAMS, KFin etc.
One Click Upload for your Current Portfolio and Future Transactions!
Download APP
