Motilal Oswal has maintained its buy rating on Satyam Computer Services in its August 22, 2008 research report. “We expect Satyam to post revenues of Rs 112.8 billion and Rs 137.2 billion, with a PAT of Rs 22.6 billion and Rs 26.3 billion for FY09 and FY10, respectively. We have assumed exchange rate of Rs 41.5/USD for FY09 and Rs 40/USD for FY10. With expected revenue CAGR of 27% and EPS CAGR of 23% till FY10, we believe the stock is attractively valued at 10.1x FY10E EPS. We maintain Buy,” says Motilal Oswal’s reserach report.