Mahindra Satyam has target of Rs 124: Bose

Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rajat K Bose 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 has target of Rs 124, Technical Analyst, Rajat K Bose .

 

Bose told CNBC-TV18, "If this momentum continues, I think Rs 124 would be the next target for Mahindra Satyam and once it crosses Rs 129 then it will acquire great momentum. But as of now if one is holding the stock then one should put a stop loss below Rs 113 and carry on with it and most probably Rs 124 would be reached shortly." 

 

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	107.45	116.90	9.45	8.79
5-Days	111.95	116.90	4.95	4.42
7-Days	111.95	116.90	4.95	4.42
15-Days	120.20	116.90	-3.30	-2.75
1-Month	118.70	116.90	-1.80	-1.52
3-Month	75.00	116.90	41.90	55.87
6-Month	47.60	116.90	69.30	145.59
9-Month	29.95	116.90	86.95	290.32
1-Year	289.00	116.90	-172.10	-59.55