american shareholders kick the a-- of CEO and board and extract money hoarded by syntel mgmt.
Analyst have pointed that syhntel has almost zero capital expenditure. (just office upkeep) and hiring people . they are showing less profit to layoff off people on false pretext.
Once bonus is paid everyone is going to dump the share and its like to drop to 35 by march next
Government has taken cognisance of the profiteering and suspicious activities of Indian IT forms eating lot of tax concessions.