Satyam may continue to edge up

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Here is a verbatim transcript of Udayan Mukherjee's comments on CNBC-TV18. Also see the accompanying video.

A lot of the punters basically want something out of this. I mean even if they do not care, the guy who is buying Satyam today what happens one year down the line. You are saying, "I am paying Rs 25 for it, let L&T buy the stock and let them make an open offer at Rs 40-50. I just want to give them my stock and make a very handsome 80-90-100% return and get out of this stock."

I think on that front there have been small reasons of incremental hope which have come in like the plan of selling it off which has gained more currency over the last 48 hours and therefore L&T as a stock might be somewhat more precariously poised right now. But Satyam will continue to attract punters. I do not know what the end game will be but for the near-term I wouldn't be surprise if the stock continues to edge up because more and more punters will now flock in with the possibility of some company taking it over. So Satyam from a trading perspective probably is headed northwards.