Keep Rs 88 stoploss in Mahindra Satyam: Anu Jain
Published on Mon, Nov 30, 2009 at 10:32 | Updated at Mon, Nov 30, 2009 at 11:47 | Source : CNBC-TV18
EmailPrintVideo Blish This Keep Rs 88 stoploss in Mahindra Satyam, says Anu Jain, Vice President, IIFL Private Wealth Management.
Jain told CNBC-TV18, "Mahindra Satyam has been exceptionally weak. The fact is that at the price that it is quoting, I think that it could probably at Rs 90 level move upto about Rs 95-94. But if it were to breakdown Rs 88 levels, there would be far more pain which could be visible into it. So it is something which is a very high beta, couldn’t move up and down but the news has been rather negative on it. So I would probably – if there was anybody holding it - keep a stoploss of Rs 88 onto it."