Mahindra Satyam may slip further: Joshi

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Mahindra Satyam may slip further: Joshi

Mahindra Satyam may slip further, says Sharmila Joshi, Investment Advisor.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sharmila Joshi See what other Experts & Brokerages are saying about Mahindra Satyam See messages about Mahindra Satyam Mahindra Satyam BSE | NSE 10/02/12 Are Mutual Funds betting on Mahindra Satyam?

Mahindra Satyam may slip further, says Sharmila Joshi , Investment Advisor.

Joshi told CNBC-TV18, "There is a possibility that Mahindra Satyam will slip some more because one thing that market doesn't like is uncertainty. The unfortunate thing about Mahindra Satyam uncertainty is that we are not likely to get any answers soon in terms of revenue visibility, how the class action suits proceedings etc. So if you are in investor, you do have to keep the faith and the last set of numbers and indication that we got from the management if those are anything to go by then they haven't lost too many clients and the overall IT outlook has improved, so you have to take it from there and then stay invested. But I do think that when you get closer to Rs 115-120 kind of price if again by then you do not have any improved news flow then you should kind of watch for. But I do think that possibly it should not fall off too much from this level."

Disclosure: I have no personal holding in the above stock/sector but may have recommended them to clients.