Satyam may slip to Rs 100-110: Baliga

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Satyam may slip to Rs 100-110: Baliga

Ambareesh Baliga of Karvy Stock Broking feels that in case the existing management remains in the saddle then a level of closer to Rs 100-110 and that should be the valuation for Satyam.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about Mahindra Satyam See messages about Mahindra Satyam Mahindra Satyam BSE | NSE 28/05/12 Are Mutual Funds betting on Mahindra Satyam?

Ambareesh Baliga of Karvy Stock Broking feels that in case the existing management remains in the saddle then a level of closer to Rs 100-110 and that should be the valuation for Satyam .

Baliga told CNBC-TV18, "Most of the negatives are there in the price of Satyam at this point of time and whatever rumors are coming out that the existing management could move out, that is where the problem was and it was the problem of corporate governance with existing management or with Satyam as such. So in case the existing moves out that itself will be positive, so from here I don't see too much of a downside but in case the existing management remains in the saddle then I see levels of closer to Rs 100-110 and that should be the valuation for Satyam. But in case they move out then it will be positive for everyone concerned whether it's the existing share holders or the management itself since they have 8% of the share holding and like all the other share holders."