Tech Mahindra offers better value: D Mehta

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Tech Mahindra offers better value: D Mehta

Dipan Mehta, Member, BSE/NSE is of the view that there is a better value in Tech Mahindra at this point of time.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Dipan Mehta See what other Experts & Brokerages are saying about Tech Mahindra See messages about Tech Mahindra Tech Mahindra BSE | NSE 13/02/12 Are Mutual Funds betting on Tech Mahindra?

Dipan Mehta, Member, BSE/NSE is of the view that there is a better value in Tech Mahindra at this point of time.

Mehta told CNBC-TV18, "Tech Mahindra is going to merge the two companies and Tech Mahindra shareholders may get a better deal in the whole process in terms of exchange ratio. At the same time in Tech Mahindra there is more certainty and the valuation certainly are still attractive. The stock still trades at about 8-9 times trading 12 months. So there is better value in Tech Mahindra at this point of time. So indirectly if Mahindra Satyam does go up, the benefit does go to Tech Mahindra. But by and large rather than going for Mahindra Satyam investor will be better off in Tech Mahindra."